Mitsubishi Corporation is increasing the capital of its subsidiary Cermaq to acquire three salmon farming operations in Canada and Norway from Grieg Seafood, aiming to enhance production capabilities in the growing aquaculture sector.

Information on the Target

Mitsubishi Corporation has announced a significant change in its specified subsidiary, Cermaq Group AS. On December 19, 2025, Cermaq made a strategic decision to increase the capital of its subsidiaries, Cermaq Holding AS, Cermaq Norway Holding AS, and CQ Canada Holding Ltd. This capital increase aims to fund the acquisition of three salmon farming operations owned by Grieg Seafood, specifically located in Northern Norway and the East and West Coasts of Canada.

Cermaq holds a central position within the aquaculture industry as it engages in investments and related supplier activities, providing it with substantial market penetration and operational capabilities. The decision underscores Cermaq's commitment to expanding its business footprint in one of the world's fastest-growing food sectors.

Industry Overview in Norway

The aquaculture industry in Norway is renowned for its global leadership, primarily driven by the increasing consumer demand for sustainable seafood. With vast water resources and advanced technology, Norway produces millions of tons of high-qu