Oslo-listed salmon farmer Grieg Seafood is offloading its operations on the Isle of Skye, Scotland, with parts of the operations due to be liquidated immediately following a mortality incident.
Coupled with weak market prices and low harvest weights, the move is expected to slash about NOK 100 million (€9.3 million/$11 million) off the company's earnings in the third quarter.
"In this area it has proven difficult to maintain the fish welfare and production standard we have in the rest of the company, due to the long distance and weak operational synergies between our main operations in Shetland and the five farms in Skye," Grieg CEO Andreas Kvame said in a stock exchange announcement.
