Finance

Grieg Seafood to 'significantly' scale back investments in Canadian salmon farming as losses escalate

Uncertainty around the future of salmon farming in Canada means Grieg is operating under capacity and unable to move forward with growth plans.

"We are currently not capturing the value potential that lies in our assets and our operations, and we need to manage a financial and operational transformation to realize these values going forward," said CEO Andreas Kvame.
"We are currently not capturing the value potential that lies in our assets and our operations, and we need to manage a financial and operational transformation to realize these values going forward," said CEO Andreas Kvame.Photo: Eivind Senneset
Correspondent
Published 20 February 2025, 06:28Updated 20 February 2025, 14:01
Grieg SeafoodEarningsCanadaNorwayFarmed salmon