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Cermaq terminates $13m license purchase in Norway, freezes $380m plan

'This will affect jobs in many coastal municipalities and will become reality for the aquaculture industry unless there are changes to the resource tax proposal'

By Neil Ramsden | Oct. 5, 2022 10:26 BST
Cermaq iFarm. Source: Cermaq
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Cermaq Group has made a decision on its planned Norwegian investments, terminating its deal for maximum allowable biomass (MAB) growth and putting a freeze on its huge NOK 4 billion ($379 million) wider plans [...]

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