Norway Salmon Farmers Drop After U.S. Joins Antitrust Push (1)

Nov. 15, 2019, 8:31 AM

Norwegian salmon farmer including top producer Mowi ASA dropped in Oslo trading after the U.S. joined the European Union in opening antitrust investigations on suspicions of collusion.

Mowi, SalMar ASA and Grieg Seafood ASA, three of the Nordic country’s biggest producers, said in separate statements on Thursday that they had either received or would get a subpoena from the U.S. Department of Justice’s Antitrust Division and that investigations would be opened.

Mowi fell as much as 4.1%, the most in almost three months, while SalMar dropped as much 7.2% and Grieg 4.9%, also the biggest losses in months. ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.