Finance

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
Published 14 November 2023, 03:57Updated 14 November 2023, 14:32
Grieg SeafoodAndreas KvameFarmed salmonNorwayNorway salmon farming tax