Bakkafrost rises as tax bill fears mitigated

P/F Bakkafrost

03/10/2022 09:38

** Shares in Faroe Islands-based salmon producer Bakkafrost
 BAKKA.OL  jump around 8% after the Faroese Government presented
a revenue tax proposal on salmon  urn:newsml:reuters.com:*:nL8N3141KB
    ** The proposed tax bill was "practically non-impactful on
their earnings versus estimates," Christian Nordby at Kepler
Cheuvreux says
    ** Nordby adds the market "clearly feared a tighter tax
regime" as seen in Norway  urn:newsml:reuters.com:*:nL8N30Z1FY 
    ** Bakkafrost's stock, which dropped 13% after the tax
regime was announced in Norway, is on track for its best day in
over seven years 
 (Reporting by Ina Kreutz)
 ((ina.kreutz@thomsonreuters.com))