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Off-flavor fish problems push Nordic Aqua into $23m equity raise

Despite the geosmin setback -- both in terms of reduced harvests and additional capex to fix the problem -- Nordic Aqua Partners has not altered its harvest guidance for 2025

By Dan Gibson | Aug. 22, 2024 10:34 BST
Nordic Aqua Partners Ningbo facility. Source: NAP Q4 report
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Land-based salmon farmer Nordic Aqua Partners intends to raise another NOK 250 million ($23.7m) in additional equity after a geosmin issue at its facility in Ningbo, China rendered many of its fish unfit for sale last month. [...]

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