Cermaq terminates permits

Following its announcement on 3 October that it would freeze investments in Norway if the country introduces a proposed 40% resource rent tax on aquaculture, salmon producer Cermaq has ended its NOK 134 million purchase of an additional 689 tonnes of maximum allowed biomass (MAB).

Lars Galtung, Chief Sustainability Officer at Cermaq Group

Following its announcement on 3 October that it would freeze investments in Norway if the country introduces a proposed 40% resource rent tax on aquaculture, salmon producer Cermaq has ended its NOK 134 million purchase of an additional 689 tonnes of maximum allowed biomass (MAB).