Cermaq Completes $1 Billion Acquisition of Grieg's Finnmark and Canadian Salmon Farming Operations
Grieg Seafood has finalized the sale of its Finnmark, Norway, and Canadian operations to Cermaq for NOK 10.2 billion (USD 1 billion) on a cash- and debt-free basis, with a normalized working capital assumption.
First announced in July 2025, Mitsubishi Corporation–owned Cermaq said the acquisition will strengthen its competitiveness in salmon farming and drive significant growth. Last week, Expana reported that Cermaq would inject fresh equity into three of its holding companies to finance the purchase...
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