Mitsubishi Boosts Cermaq Capital to Back Grieg Seafood Salmon Farm Acquisitions
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Mitsubishi ( (JP:8058) ) has issued an update.
Mitsubishi Corporation’s wholly owned subsidiary Cermaq Group AS has injected additional capital into three of its subsidiaries—Cermaq Holding AS, Cermaq Norway Holding AS and CQ Canada Holding Ltd—to fund the acquisition of three salmon farming operations from Grieg Seafood in Northern Norway and on Canada’s East and West Coasts. The capital increase elevates each of these entities to the status of specified subsidiary, reflecting their enlarged scale within Mitsubishi’s group structure, but the company expects the move to have only an immaterial impact on its earnings for the fiscal year ending March 31, 2026, while strategically strengthening its footprint in the global salmon aquaculture market.
More about Mitsubishi
Mitsubishi Corporation, a Japanese conglomerate with diversified operations that include food and agribusiness, controls Cermaq Group AS, a global aquaculture company focused on salmon farming and related supplier activities in Norway and Canada. Through Cermaq and its holding entities, Mitsubishi is deepening its presence in the salmon aquaculture value chain, a sector that supports growing global demand for seafood protein.
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