Måsøval, NRS latest to cancel capacity acquisitions over Norway's salmon tax proposal

A Måsøval salmon farm.

Trondheim, Norway-headquartered salmon-farming companies Måsøval AS and Norway Royal Salmon (NRS) are the latest aquaculture companies to cancel planned acquisitions of additional production capacity following the Norwegian government's proposal introducing an additional 40 percent resource tax on salmon farmers.

Additionally, NRS has notified Oslo Børs that it has taken longer than expected to obtain the necessary approvals for its proposed merger with SalMar that was approved by the respective companies' extraordinary general meetings held on 30 June, 2022. As a result, NRS and SalMar have scheduled extraordinary general meetings to push shareholders to approve an extension to the deadline for its completion.

Photo courtesy of Måsøval

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