Norwegian fish farmers up as local media reports on possible changes to salmon tax
24/01/2023 09:44
** Norwegian salmon farmers rise after local media reports
of possible changes to resource rent tax in Norway
** SalMar SALM.OL and Mowi MOWI.OL rise 6.2% and 2.8%,
respectively, with the former topping Europe's STOXX 600 index
.STOXX
** Centre Party politician Geir Pollestad said on Monday in
an interview with Norwegian newspaper Dagbladet there would be
revisions to the country's resource tax proposal on salmon
** Pollestad said standardised prices have been taken off
the table and the tax would be based on actual turnover
** Pareto Securities analyst Sander Lie says changes were
expected as several weaknesses and concerns regarding the
current proposal had been highlighted earlier
** "We view this as a clear positive as activity in the
long-term contract market now likely also recovers," Lie adds
** Salmar and Mowi shares touch their highest levels since
September 2022
(Reporting by Jagoda Darlak)
((jagoda.darlak@tr.com))