Swiss shrimp farmer thrown financial lifeline

SwissShrimp has embarked on a restructuring plan and is banking on short-term loans to carry it through to September, when a capital raising will close.

"The company is not yet able to pay all operational costs – but will be able to soon," said SwissShrimp CEO Matthias Laube. — "The company is not yet able to pay all operational costs – but will be able to soon," said SwissShrimp CEO Matthias Laube.Photo: Anders Furuset

Dominic Welling

Correspondent

SwissShrimp Switzerland Farmed shrimp Recirculating Aquaculture Systems (RAS)Bankruptcies

Published 7 June 2024, 12:41Updated 7 June 2024, 14:24