Maiken Foods, a newly established Norwegian-led firm, is seeking NOK 50 million (€4.9 million/$5.8 million) in a private placement for its planned 100,000-metric-ton land-based salmon facility in Figueira de Foz, Portugal.

The investment -- a 25 percent stake in total -- will cover both capital (CAPEX) and operating expenses (OPEX) leading up to the first harvest, as well as a feasibility study and pre-engineering plan for the facility.