Brief: Grieg Seafood Enters Joint Venture For Post-Smolt And Land-Based Salmon Farming

Grieg Seafood ASA

20/01/2021 08:20

Jan 20 (Reuters) - Grieg Seafood ASA  GRIA.OL :
    * REG-GRIEG SEAFOOD ASA: GRIEG SEAFOOD ENTERS JOINT VENTURE
FOR
POST-SMOLT AND LAND-BASED SALMON FARMING
    * JOINT VENTURE ÅRDAL AQUA WILL PRODUCE AT LEAST 3 000
TONNES OF
POST-SMOLT ANNUALLY
    * GRIEG SEAFOOD OWNS ONE THIRD OF COMPANY.
    * JV WILL GROW FISH ALL WAY TO HARVEST SIZE IN A NEW
LAND-BASED
FACILITY IN ROGALAND IN SOUTHERN NORWAY
    * ÅRDAL AQUA WILL CREATE 25 LOCAL JOBS IN ROGALAND.
    * IT ESTIMATES AN INVESTMENT COST OF 120 NOK/KG.

Source text for Eikon:  ID:nGNE8Mtr3r 
Further company coverage:  GRIA.OL 

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