SalMar, Lerøy report harvests for Q3
SalMar and Lerøy Seafood have issued their third quarter trading updates, with both recording fairly stable salmon harvests. The two companies are joint owners of Scottish Sea Farms, but the […] Continue Reading
Norway’s Finance Minister says salmon tax will go ahead
Norway’s Finance Minister Trygve Slagsvold Vedum remained defiant today as he prepared to deliver his first national budget which will impose extra costs worth billions of krone on the country’s […] Continue Reading
SalMar calls for more time on NRS merger
SalMar says it wants more time before going ahead with its acquisition of Norway Royal Salmon. The move is not thought to be directly connected with the Norwegian government’s controversial […] Continue Reading
SalMar CFO quits after five months in post
Gunnar Nielsen has resigned as Chief Financial Officer (CFO) of SalMar after just a few months in the job. The former Bakkafrost CFO (pictured) is returning to the Faroe Islands […] Continue Reading
Norway tax hike puts stop on SalMar’s £20m salmon investment
SalMar has halted the planned purchase of 1,223 tonnes of salmon biomass worth around NOK 245 million (£20m) in protest against the Norwegian government’s land tax proposal. The purchase was […] Continue Reading
Witzoe family withdraws millions to cut tax bill
The Witzøe family says its decision to take NOK 1.25 billion (£107m) in dividends last year was driven by the Norwegian government’s new tax regime. Gustav Witzøe, who stepped down […] Continue Reading
Ex SalMar chief joins new offshore project
A former top SalMar executive has been recruited by Lovundlaks, a medium sized Norwegian salmon company to help expand its offshore farming plans. With a licence to produce up to […] Continue Reading
Norway maps out new offshore zones
Norway’s Fisheries Directorate has mapped out the three possible trial areas for offshore fish farming, with one of them more or less adjacent to Orkney and the north east coast […] Continue Reading
Norwegian authority approves SalMar deals
The Norwegian Competition Authority has approved SalMar’s takeover of the NTS integrated aquaculture group. It has also given the green light to a merger between the salmon farming businesses of […] Continue Reading