Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Grieg Seafood ASA ( (GRGSF) ) has issued an announcement.
Grieg Seafood ASA has completed the previously announced sale of its salmon farming operations in Finnmark and Canada to Cermaq Group AS, in a transaction valuing the divested assets at NOK 10.2 billion on a cash- and debt-free basis with normalised working capital. The company confirmed that its existing dividend guidance from the third quarter remains unchanged and said it will clarify the timing and mechanics of upcoming dividend distributions in early 2026, signalling a continued emphasis on disciplined capital allocation and potential cash returns to shareholders following the portfolio streamlining.
The most recent analyst rating on (GRGSF) stock is a Hold with a NOK74.00 price target. To see the full list of analyst forecasts on Grieg Seafood ASA stock, see the GRGSF Stock Forecast page.
More about Grieg Seafood ASA
Grieg Seafood ASA is one of the world’s leading salmon farmers, headquartered in Bergen and listed on the Oslo Stock Exchange since 2007. Following the completion of its divestment to Cermaq Group, the company’s farming operations are now concentrated in Rogaland, Norway, and underpinned by a strategy focused on sustainable practices, low environmental impact and strong fish welfare as key drivers of long-term profitability.
YTD Price Performance: 21.03%
Average Trading Volume: 342,740
Current Market Cap: NOK8.43B
For detailed information about GRGSF stock, go to TipRanks’ Stock Analysis page.