Tag Archives: Grieg Newfoundland AS

Is John Risely out to gut Ocean Choice International like a fish? By Ryan Cleary

ryan-cleary-fish-nlNova Scotian John Risley who led a hostile takeover of Fishery Products International in 2001 that led to the company’s demise and the loss of hundreds of rural jobs — appears to be attempting another such takeover. This time of Newfoundland and Labrador-based Ocean Choice International — which bills itself as Canada’s “largest wild fish quota holder,” including highly lucrative snow crab, shrimp, scallops, cod, and turbot. If Risley succeeds he could potentially do to OCI what he did to FPI — gut it like a fish. I say that Risley is no friend of Newfoundland and Labrador, and if he gets his hands on OCI’s quotas the Grand Banks will be sold off to the highest bidder.Ryan Cleary is a former Newfoundland and Labrador MP, long-time journalist, and leader of FISH-NL, a group attempting to represent the province’s fish harvesters in a break-away union from the FFAW. Read the full piece, click here 22:21

Province confirms major aquaculture project for Placentia Bay

The Newfoundland and Labrador government has reached an agreement with a company called Grieg Newfoundland AS that could this see province rival British Columbia in aquaculture production. Municipal and Intergovernmental Affairs Minister Keith Hutchings announced Monday in Marystown that Grieg will invest some $251-million in a project that will more than double aquaculture in the province and create roughly 325 direct jobs. He said the province will commit up to $45 million to acquire an equity position in the company. Read the rest here 16:26