The legislature of Newfoundland will today [Tuesday] meet to debate a new version of the act governing Fishery Products International.
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It is likely that the restrictions applied to the province’s ownership will be tightened up further. The law currently prevents any individual owning more than 15% of FPI’s voting shares – it is likely that this ruling will be extended to apply to all shares.
The company is staunchly opposed to this idea, as it says it will drive away investment and “hurt Newfoundland’s reputation as a good place to do business”.
For earlier news on FPI, just-food.com members should click here.
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