Cermaq files claim against Grieg Seafood following Finnmark and Canada sale.
Cermaq has submitted a formal claim against Grieg Seafood related to the settlement of financial and commercial matters following the sale of Grieg’s Finnmark and Canada operations.
The claim arises under the share purchase agreement linked to the transaction, which was completed on 29 December 2025. Cermaq acquired the businesses as part of Grieg Seafood’s strategic divestment of those regions.
According to Grieg Seafood, the claim concerns settlement items for the period between the locked box date and the closing date. Cermaq has indicated a total claim of approximately NOK 185 million (€16.5 million) and CAD 6.6 million (€4 million).
Grieg Seafood said part of the claim appears to stem from a misunderstanding relating to the technical settlement at closing, and that this element has already been accounted for in the company’s fourth-quarter report.
The company rejected the remaining elements of the claim.
“As regards the remaining elements of the claim, the Company rejects these and considers them to be without merit,” Grieg Seafood said in a statement.
Grieg Seafood added that the claim will have no impact on the dividend announced on 25 February 2026.
Grieg Seafood completed the sale of its Finnmark and Canadian operations to Cermaq at the end of 2025 as part of a restructuring of its global farming footprint. Following the transaction, the company’s farming activities are concentrated in Rogaland in Norway, with headquarters in Bergen.
