Cermaq files claim against Grieg
Cermaq has announced a claim of around 185 million kroner and 6.6 million Canadian dollars following the acquisition of Grieg Seafood's operations in Finnmark and Canada.
In a stock exchange announcement today, salmon farmer Grieg Seafood said it has received a formal demand from Cermaq in connection with the sale of its assets in the Norwegian region of Finnmark and on the east and west coasts of Canada.
The transaction, which was completed on December 29, 2025, saw Cermaq - the world's third-largest Atlantic salmon farmer - take over the farming operations in the two regions.
The claim concerns the settlement of certain financial and commercial matters in the period between the so-called "locked box" date and the completion of the transaction. In total, the claim is indicated at around NOK 185 million (aproximately £14.3m) and CAD 6.6m (£3.61m).
Rejects parts of the claim
According to Grieg Seafood, parts of the claim are based on a misunderstanding related to the technical final settlement during the implementation of the transaction.
The company states that this part has already been taken into account in the results report for the fourth quarter of 2025.
Regarding the other parts of the claim, Grieg Seafood rejects these and believes they are without basis.
"The company rejects these elements of the claim and considers them to be without substance," the company writes in the stock exchange announcement.
No effect on dividend
Grieg Seafood also emphasises that the requirement will not affect the dividend announced in connection with the company's report on February 25, 2026.
Following the sale of the operations in Finnmark and Canada, Grieg Seafood's aquaculture activities now consist of facilities in Rogaland, Norway. The comapny's head office is located in Bergen.
