Grieg Seafood ASA: Update on anti-trust allegations

Grieg Seafood ASA (the “Company”) has today received a Statement of Objections from the European Commission (the “Commission”), related to its investigation into the sale of Farmed Norwegian Atlantic Salmon initiated back in 2019. The issuance of a Statement of Objections is a common and formal step in the process, where the Commission sets out its preliminary view in the matter.

The Statement of Objections in no way prejudices the final outcome of the Commission proceedings. Subsequent to the Statement of Objections, the companies concerned may examine the documents in the Commission’s investigation file and present its views on the case, before the Commission takes a decision on the matter. Grieg Seafood will examine the Statement of Objections carefully and continue to fully cooperate with the Commission’s investigation.

Grieg Seafood ASA denies any anti-trust infringements or anti-competitive behavior by it or any of its subsidiaries. The Company will exercise all its rights of defence.

Bergen, 25 January 2024.

For enquiries, please contact:

Investors: Atle Harald Sandtorv, CFOCell phone +47 908 45 252, email atle.harald.sandtorv@griegseafood.com

Press/media: Kristina Furnes, CCOCell phone +47 481 85 505, email kristina.furnes@griegseafood.com

About Grieg SeafoodGrieg Seafood ASA is one of the world's leading salmon farmers. Our farms are in Finnmark and Rogaland in Norway, and British Columbia as well as Newfoundland in Canada. Our headquarter is located in Bergen, Norway. Grieg Seafood ASA was listed at the Oslo Stock Exchange in June 2007. More than 750 people work in the company throughout our regions.

Sustainable farming practices are the foundation of Grieg Seafood’s operations. The lowest possible environmental impact and the best possible fish welfare is both an ethical responsibility and drive economic profitability. Towards 2026, we aim for global growth, cost improvements and to evolve from a pure salmon supplier to an innovation partner for selected customers.

To learn more, please visit www.griegseafood.com. 

The information is publicly disclosed in accordance with article 17 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.

The stock exchange announcement was published by May Hansen, Executive Administrative Secretary, Grieg Seafood Group ASA, on 25 January 2024 at 12:09 CEST.

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