Mowi ASA (0OAW.L)

As a long-term shareholder of Mowi, Salmar and several other Norwegian companies I'm deeply shocked by this kind of arbitrary tax rules for the Salmon industry from today. I paid years long high dividend withholding taxes to the Norwegian state, I was going through the sea lice issues, the nobel price issues (and excl. with this the Chinese market), the ISA virus etc. But given this new kind of uncertain and arbitrary expropriating environment I will sell ALL my norwegian stock positions.

Norway is not the first country to do this kind of socialist mistake and will not be the last, but mid- and long-term this will proof to be a very bad idea. Bad day, very disappointing.

Mowi ASA (OSE: MOWI): Update on the allegations of collusion
MOWI ASA

Thu, Nov 14, 10:39 AM


With reference to the previously announced European Commission inspection which concerned possible collusion between Norwegian producers of farmed Norwegian Atlantic salmon and class action complaints in the USA related to the same matter.

Further to this Mowi has been informed that we will receive a subpoena from the Antitrust Division of the Department of Justice in the USA where they are opening a criminal investigation involving allegations of similar conduct.

Mowi considers that there are no basis for the EU inspection and that the class action complaints clearly lack merit and are entirely unsubstantiated. This equally applies to any criminal investigation in the US.

Mowi will fully cooperate with the Department of Justice and will provide as requested all information in relation to our US subsidiaries.

There is no new information regarding the European Commission’s case handling.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.