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The Norwegian cod farmer suffered a severe outbreak of Vibrio bacteria at one of its farming sites, but is optimistic about future scale-up as major investor comes onboard.

The private placement will give the Portuguese investor just over 18% ownership of the Norwegian aquaculture company, in addition to a seat on the board for Jerónimo Martins CEO.

The Norwegian aquaculture company has extended its sales and distribution partnership with Sirena Group until 2031.

The Norwegian cod farmer says new sites, due to become operational in 2026, and stronger market demand will underpin its future growth.

The Norwegian cod producer has been granted permission to establish a new production site in Meløy, Nordland County, the second in this municipality.

The Norwegian cod farmer has released its results for Q1 2025, showing a 63% year-on-year increase in revenue.