Published by Global Banking & Finance Review®
Posted on July 17, 2025
1 min readLast updated: January 22, 2026
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Grieg Seafood sells its Finnmark and Canada operations to Mitsubishi's Cermaq for $993 million, focusing on Rogaland.
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)
Grieg Seafood sold its operations in Norway's Finnmark and in Canada to Mitsubishi's Cermaq.
The sale was valued at 10.2 billion Norwegian crowns, approximately $993 million.
After the sale, Grieg Seafood plans to concentrate its focus on the Rogaland region in Western Norway.
Grieg Seafood expects to close the deal in the fourth quarter.
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