Grieg Seafood sells Finnmark, Canada units to Mitsubishi's Cermaq for $993 mln

Grieg Seafood ASA

17/07/2025 06:24

COPENHAGEN, July 17 (Reuters) - Norwegian salmon farming group Grieg Seafood GSFG.OL said on Thursday it had agreed to sell its operations in Norway's Finnmark and in Canada to Mitsubishi 8058.T unit Cermaq for 10.2 billion crowns ($993 million).

"The sale allows Grieg Seafood to concentrate its focus on the Rogaland region in Western Norway," it said in a statement.

Grieg Seafood said it expects to close the deal in the fourth quarter.

($1 = 10.2705 Norwegian crowns)

 (Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom)

 ((Louisebreusch.rasmussen@tr.com; +45 21 27 97 79;))