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Deal completion comes as Grieg restructures and Mitsubishi's Cermaq expands.

Following the sale, valued at NOK 10.2 billion, Grieg will focus its operations solely on its best-performing Rogaland region in southwestern Norway.

Bluegreen has already lined the fish tanks for the Overhalla Betong project.

Grieg Seafood had previously put investments on hold due to Norway's new tax regime, but will now prioritize expansion of post-smolt in Norway, and "untapped growth potential" in Canada.

The salmon aquaculture company reports a lower-than-expected harvest volume in its Q3 trading update.