On 17 July 2025, Cermaq announced that it had entered into an agreement with Grieg Seafood to acquire their operations in Finnmark in Norway and British Columbia and Newfoundland in Canada, for an aggregate value of NOK 10.2 billion on a cash and debt free basis. The acquisition is dependent on approval by the relevant competition authorities.
The combined force of the two companies provides a strong basis for producing more high-quality salmon and a stronger industry leader. Both companies are committed to enhancing fish welfare and minimising environmental impact.
ABGSC acted as financial advisor to Cermaq and would like to extend our gratitude for the vote of confidence.
