Grieg Seafood Pulls Out of Campbell River Operations as Part of US$990M Sale
A global salmon-farming company is pulling out of its Campbell River operations amid uncertainty facing the industry in Canada.
Norway-headquartered Grieg Seafood ASA is selling its businesses in Canada and in Finnmark, Norway, to Cermaq Group AS for US$990 million (about c$1.36 billion), including Campbell River-based Grieg Seafood British Columbia, which has 126 employees.
The company's B.C. division has 11 farms and employs just under 10 per cent of those working in the province's aquaculture industry, which...
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