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Nordlaks CEO threatens to shift investments from Norway to China, Australia, Iceland

Exec says Norway's bureaucracy is encouraging the company to look abroad.

Salmon entrepreneur and Nordlaks CEO Inge Berg wants to invest in developing further salmon farming operations -- and is considering other countries if Norway stalls on allowing investments, according to Dagens Naeringsliv (DN).

Nordlaks is planning to invest NOK 5 billion (€533.3 million/$585.5 million) in the coming years into its operations, but should the company not receive new permits for farming, it will look to China, Australia and Iceland, Berg said.

"There are a few big projects in China we are very well informed about," he told DN. "If the industry cannot invest in Norway it will move investments abroad.

"It is not applicable to Nordlaks right now, but it can be a consequence in the long run if we are not allowed to invest in Norway."

In 2015, the company announced plans fo three mega-marine farming vessels, however, so far the government hasn't given the group the permit to move forward with the plans.

Berg said it would be "tragic if bad management would prevent business development in Norway."

Norway's Directorate of Fisheries declined to comment to DN on the story.


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