Norway-based cod farmer Statt Torsk saw its losses widen further in the third quarter, as it readies for a merger with Norwegian whitefish group Vesteralen Havbruk.

The company posted an operating loss of NOK 59 million (€5 million/$5.3 million), with a loss before tax of NOK 60.5 million (€5.1 million/$5.4 million).

'I won't hide the fact that it's very tough': Brothers behind Statt Torsk bet heavily on cod farming's second coming but now face troubled times
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