Data can be found on p.171 and was converted from Euros to USD. Marine Harvest has filled an appeal and states the following:
"After having approved the takeover of Morpol ASA by Marine Harvest ASA on September 30, 2013, the European Commission informed Marine Harvest ASA that it was investigating whether Marine Harvest ASA has committed an infringement of the suspension obligation and of the notification requirement under the European Merger Regulation by acquiring an initial shareholding in Morpol ASA, before the related acquisition was notified to and approved by the European Commission.
On March 31, 2014 the European Commission issued a statement of objections, informing Marine Harvest ASA of the objections that have been raised.
On July 23, Marine Harvest ASA was advised that the Commission had decided to impose a fine on it in the amount of EUR 20 million as a consequence of an alleged breach of the provisions of the European Merger Control Rules.
Marine Harvest ASA has decided to appeal the European Commission’s decision to fine the company. The appeal has been filed with the EU General Court. It is currently uncertain when Marine Harvest ASA can expect to receive the General Court’s judgment.
The judgment of the General Court can be appealed to the EU Court of Justice, which issues a final non-appealable judgment/decision. A final judgment from the EU Court of Justice could be received at the end of 2018. It could thus take approximately four years before this matter is finalized.
Marine Harvest ASA believes that the company has a reasonable chance to obtain a significant reduction in the EUR 20 million fine.
Marine Harvest ASA has made a provision in the amount of EUR 20 million (NOK 168 million)."
Calculation (based on average 2014 conversion to USD) 20,000,000*1.329165 = 26,583,300 USD