Mowi issues USD 320 million in green bonds, loses court decision challenging Norway's aquaculture tax
Mowi ASA has issued NOK 3.5 billion (USD 318.6 million, EUR 297.1 million) in new senior unsecured green bonds.
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Mowi ASA has issued NOK 3.5 billion (USD 318.6 million, EUR 297.1 million) in new senior unsecured green bonds.
With news that the EU is calling into question Norway’s trade rules over so-called “production fish”, we thought it might be useful to shed some light on the ongoing controversy, starting with the salmon industry’s term “prodfisk” itself. Production fish are subject to an export ban within Norway, whose laws prohibit damaged salmon from being exported whole. The fish must first be processed within Norway’s borders to eliminate the damaged parts before the resulting salmon products can be transported outside the country. According to Norway's Food Safety Authority Mattilsyn...
Mowi closed its financial year 2023 with revenue of €5.5 billion, operational profit of €1.02 billion, and harvest volume of 475,000 tonnes.
2023 worst ever year for mortalities on Scottish salmon farms. El Nino and jellyfish blamed as green groups call for a moratorium.
(Bergen, 14 February 2024) Mowi recorded record-high revenues of 1.43 billion euros in the fourth quarter, compared with 1.36 billion euros in the...