Speaking at a gathering of investors last week at the RS Platou Markets fourth Annual seafood conference, Marine Harvest Chief Financial Officer Jorgen Andersen said consolidation will improve the ability of companies to return money to their investors.
More consolidation is needed, and will be a benefit to both the industry and the market, he said.
Though much consolidation has occurred, more is coming.
Since 1997, the number of salmon farming companies in Norway has gone from 70 to 25. In Chile, the number was reduced from 35 to 18.
