Grieg releases brake on investments, plowing $100 million into new salmon farming facility

All investments had been put on hold by Grieg and several other large salmon players following the announcement of the new Norwegian salmon farming resource tax in 2022.

"The 25 percent resource tax has reduced funds available for investments," said Grieg Seafood CEO Andreas Kvame. — "The 25 percent resource tax has reduced funds available for investments," said Grieg Seafood CEO Andreas Kvame.Photo: Eivind Senneset

Rachel Mutter

Grieg Seafood Andreas Kvame Farmed salmon Norway Norway salmon farming tax

Published 14 November 2023, 03:57Updated 14 November 2023, 14:32