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

This new glass-reinforced plastic (GRP) closed cage is the fourth of its kind built by Aquafarm Equipment and will promote fish welfare during the winter.

Cermaq Canada completed a full production cycle in Ahousaht Territory, British Columbia, with better results than using mechanical delousing.

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

"After 8 years, it is the right time to pass the baton on," said the still Managing Director of the salmon company.

Aquaculture Stewardship Council's inaugural awards recognise leadership, innovation, and commitment to sustainability in aquaculture, for producers, retailers and newcomers with ASC certification.