Norwegian fish farmers up on report opposition leader would postpone salmon tax

Austevoll Seafood ASA

31/10/2022 11:46

** Shares of Norwegian fish farmers climb after local media
reported opposition leader and former prime minister Erna
Solberg would like to see the country's new salmon tax postponed
    ** SalMar  SALM.OL  and Grieg Seafood  GSFG.OL  rise more
than 7%, with Mowi  MOWI.OL , Leroy Seafood  LSG.OL , Austevoll
Seafood  AUSS.OL  and Norway Royal Salmon  NRS.OL  up 4-6%
    ** Newspaper Dagens Næringsliv on Sunday wrote Erna Solberg,
the leader of the conservative opposition party Høyre, "would
prefer to postpone the entire resource tax on salmon"
    ** DNB Markets analyst Alexander Aukner attributes the moves
to the news, saying it contributes to "a rising sense that there
could be major overhauls to the proposition"
    ** According to DN, Solberg is particularly opposed to a
norm price as a tax basis, but is open to a settlement that
would increase other taxes for the aquaculture industry
    ** Fish farmers' shares also rose last week after a local
media report suggested the Norwegian finance minister considered
adjusting the new tax
    ** SalMar and Mowi are the top two performers on Norway's
OBX index  .OBX 
 (Reporting by Louise Breusch Rasmussen, Marie Mannes)
 ((Louisebreusch.rasmussen@thomsonreuters.com))