Grieg Seafood sells Finnmark, Canada units to Mitsubishi’s Cermaq for $993 million

COPENHAGEN (Reuters) -Norwegian salmon farming group Grieg Seafood said on Thursday it had agreed to sell its operations in Norway’s Finnmark and in Canada to Mitsubishi unit Cermaq for 10.2 billion crowns ($993 million).

“The sale allows Grieg Seafood to concentrate its focus on the Rogaland region in Western Norway,” it said in a statement.

Grieg Seafood said it expects to close the deal in the fourth quarter.

($1 = 10.2705 Norwegian crowns)

(Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom)

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