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    Home > Finance > Grieg Seafood sells Finnmark, Canada units to Mitsubishi's Cermaq for $993 million
    Finance

    Grieg Seafood sells Finnmark, Canada units to Mitsubishi's Cermaq for $993 million

    Published by Global Banking & Finance Review®

    Posted on July 17, 2025

    1 min read

    Last updated: January 22, 2026

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    Quick Summary

    Grieg Seafood sells its Finnmark and Canada operations to Mitsubishi's Cermaq for $993 million, focusing on Rogaland.

    Grieg Seafood Divests Canadian and Finnmark Operations to Cermaq for $993M

    COPENHAGEN (Reuters) -Norwegian salmon farming group Grieg Seafood said on Thursday it had agreed to sell its operations in Norway's Finnmark and in Canada to Mitsubishi unit Cermaq for 10.2 billion crowns ($993 million).

    "The sale allows Grieg Seafood to concentrate its focus on the Rogaland region in Western Norway," it said in a statement.

    Grieg Seafood said it expects to close the deal in the fourth quarter.

    ($1 = 10.2705 Norwegian crowns)

    (Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom)

    Key Takeaways

    • •Grieg Seafood sells Finnmark and Canada operations.
    • •Cermaq, a Mitsubishi unit, acquires the assets.
    • •The deal is valued at $993 million.
    • •Grieg Seafood to focus on Rogaland region.
    • •Transaction expected to close in Q4.

    Frequently Asked Questions about Grieg Seafood sells Finnmark, Canada units to Mitsubishi's Cermaq for $993 million

    1What did Grieg Seafood sell?

    Grieg Seafood sold its operations in Norway's Finnmark and in Canada to Mitsubishi's Cermaq.

    2How much was the sale worth?

    The sale was valued at 10.2 billion Norwegian crowns, approximately $993 million.

    3What will Grieg Seafood focus on after the sale?

    After the sale, Grieg Seafood plans to concentrate its focus on the Rogaland region in Western Norway.

    4When is the deal expected to close?

    Grieg Seafood expects to close the deal in the fourth quarter.

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