The latest update is out from Grieg Seafood ASA ( (GRGSF) ).
Grieg Seafood ASA has successfully issued a NOK 2,000 million perpetual green hybrid bond, enhancing its liquidity and financial flexibility for future investments in Norwegian fish farming assets and maintaining Canadian asset values. The bond, which will be listed on the Oslo Stock Exchange, supports the company’s growth ambitions, including a projected 13% increase in harvest volumes from 2024 to 2025, and aims to restore profitability in Finnmark and improve it in Rogaland.
More about Grieg Seafood ASA
Grieg Seafood ASA is one of the world’s leading salmon farmers, with operations in Finnmark and Rogaland in Norway, and British Columbia and Newfoundland in Canada. The company, headquartered in Bergen, Norway, was listed on the Oslo Stock Exchange in June 2007. Grieg Seafood is committed to sustainable farming practices, aiming for minimal environmental impact and optimal fish welfare to drive economic profitability.
YTD Price Performance: 8.15%
Average Trading Volume: 2,800
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $481.7M
For a thorough assessment of GRGSF stock, go to TipRanks’ Stock Analysis page.