Mitsubishi‑owned Cermaq Boosts Capital in Norway, Canada Subsidiaries to Fund Grieg Seafood Purchase

Mitsubishi-owned salmon farmer Cermaq Group will inject fresh equity into three of its holding companies, Cermaq Holding AS, Cermaq Norway Holding AS and CQ Canada Holding Ltd, to fund the purchase of three salmon-farming operations from Grieg Seafood in Northern Norway and Canada’s east and west coasts.
As a result, each of these subsidiaries will now exceed one-tenth of Mitsubishi’s own capital and are newly classified as “specified subsidiaries” under Japanese reporting standards.
Cermaq announced its acquisition of Grieg Seafood’s operations in Finnmark...
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