New fish farm merger

NORWAY - The boards of Grieg Seafood AS and Volden Group have agreed to merge, forming Norway's third largest fish farming company, under the name Grieg Seafood AS.</b> <br><br> The new company will base its main activities in Rogaland, Finnmark and Canada, Stavanger Aftenblad reports. <br><br> The plan is for Grieg Seafood to increase turnover by 50 per cent in the course of the first three years. <br><br> This year's production looks to reach 27,000 tos of trout and salmon, but already in 2008 it is estimated that the new company will reach a production of 55,000 tons. <br><br> <i>Source: The Norway Post</i>

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