Grieg Seafood from Norway acquires Grieg Newfoundland in a giant trade deal. Grieg Newfoundland has fish farming areas larger than the Faroe Islands and consists of 11 sea localities as well as one RAS facility under construction, according to iLaks.
The trade amounts to NOK 620 million, with an optional phase 2 additional settlement of up to NOK 930 million, depending on performance in volume during the first decade.
Grieg Seafood is currently operating fish farms on the Canadian west coast, though the authorities have decided that the cages have to be shut in five years.
The long-term slaughter capacity of the Newfoundland project is estimated at 30-45,000 tons of salmon annually.