After Freezing Investments in Norway, Cermaq Cancels Farming Permits
Salmon producer Cermaq announced that it would freeze investments in Norway following the announcement of a proposed resource tax on both salmon and trout farming of 40%.
Days later, Cermaq has terminated tis purchase of increased biomass capacity based on the traffic light system for NOK 134 million ($13 million). The company said those funds were to be transferred to the Aquaculture Fund which gets distributed to municipalities with farming sites.
“We will terminate the purchase because we do not have sufficient overview of the impact...
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