Tag Archives: the Barry Group

SEA-NL on foreign investment

Seaward Enterprises Association of Newfoundland and Labrador (SEA-NL) says a provincial government review of foreign investment in the fish processing sector misses the boat entirely in terms of addressing the extent of foreign control and corporate concentration. “The report certainly has nice pictures,” says Ryan Cleary, SEA-NL’s Executive Director. “Beyond that the takeaway about foreign control and corporate concentration in the fishing industry is that Minister Derrick Bragg missed his calling as a window-dresser.” The report of foreign investment in the processing sector comes more than two years after the province approved Royal Greenland’s takeover of Quinlan Brothers and St. Anthony Seafoods in September 2020 upon recommendation of the Fish Processing Licensing Board earlier that month. >click to read< 10:11