Royal Greenland buying 4 more N.L. fish plants – FFAW raising red flag over corporate concentration and foreign ownership

A Crown corporation owned by the Greenland government is set to become the largest fish processor in Newfoundland and Labrador, dramatically changing the landscape of the province’s fish-processing industry. In a deal recommended by the Fish Processing Licensing Board and approved by Fisheries Minister Elvis Loveless, Royal Greenland is taking controlling interests in Quinlan Brothers fish plants in Old Perlican, Bay de Verde and Baie Verte. Royal Greenland subsidiary Quin-Sea Fisheries will take over valuable crab, shrimp and other processing licences owned by Quinlan Brothers. Royal Greenland is also taking a controlling interest in St. Anthony Seafoods in a partnership with Clearwater Seafoods. >click to read< 17:29

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