Salmon

Cermaq freezes investments in Norway after tax bombshell

Cermaq has invested more than NOK 5 billion (€473.4 million/$462.4 million) in the farming regions Nordland and Finnmark since 2016. The intention was to invest a similar amount in the coming years.

The tax on Norwegian salmon production unveiled last week has given Cermaq CEO Steven Rafferty much to ponder.
The tax on Norwegian salmon production unveiled last week has given Cermaq CEO Steven Rafferty much to ponder.Photo: Lola Navarro / IntraFish
  • John Evans
CermaqNorwayTaxSteven Rafferty
Published 3 October 2022, 12:22Updated 3 October 2022, 13:10