Grieg Family Reports Grieg Aqua Ownership Split

The Grieg family announced a broad reorganization that will shift ownership of Grieg Seafood ASA, with Willumsen Grieg acquiring a larger stake and entering an agreement to sell 37.5% of shares in ACKB, signaling a transition to long‑term family control. The move, while not involving all parties, is viewed positively by observers as providing a solid foundation for the company's strategic execution. In its Q2 2026 update, Grieg Seafood reported a mixed performance, noting progress in refinancing and freshwater/post‑smolt operations but elevated costs and biological challenges weighed on first-half results. Harvest volumes for the first half were about 14,000 tonnes, and management raised full‑year guidance to around 31,000 tonnes, expecting Q3 volumes to improve as biomass approaches maximum allowable levels. The company highlighted advances in value‑added processing, including the Gardermoen facility reaching break-even volumes and a positive EBIT contribution from the Sales and VAP segment since April, alongside a strategic emphasis on larger post‑smolt and some land‑based production to bolster efficiency. Despite challenges, about 30% of Grieg’s volume has been contracted year‑to‑date, with ongoing capacity optimization and a refinanced hybrid bond helping to reduce financing costs.