Grieg puts Norway investments on hold, citing tax increase proposal

A Grieg Seafood salmon net pen in Norway.

Bergen, Norway-headquartered salmon farming group Grieg Seafood announced on 11 October it has joined several other Norwegian salmon farmers in halting expansion plans in the wake of a proposed 40 percent resource tax on aquaculture operations. 

The company announced that a proposed expansion of a smolt plant in Lebesby, Finnmark, Norway – which the company estimated represents a NOK 1 billion (USD 93 million, EUR 96 million) investment – is being halted due to the "great uncertainty"…

Photo courtesy of Grieg Seafood 

SeafoodSource Premium

Become a Premium member to unlock the rest of this article.

Continue reading ›

Already a member? Log in ›


Want seafood news sent to your inbox?

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500