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Inuit corporation doubles down on fisheries – Nunatsiaq News
by ahnationtalk onSeptember 20, 201821 Views
September 20, 2018
Qikiqtani Inuit Association’s business arm now fully owns the FV Saputi
The Qikiqtaaluk Fisheries Corp. and its factory freezer trawler, FV Saputi, are now 100-per-cent Inuit-owned, following a buyout by the Nunavut company of its minority shareholder and long-time business partner, Nataaqnaq Fisheries Inc.
The deal was about five years in the making, said Harry Flaherty, the president and CEO of Qikiqtaaluk Corp., who made the announcement at the Nunavut Trade Show on Wednesday, Sept. 19.
“This deal didn’t happen overnight. It took years to negotiate,” he said.
Qikiqtaaluk Fisheries Corp. is a subsidiary of the Qikiqtaaluk Corp.—the business arm of the Qikiqtani Inuit Association.
Previously, the QC was a 51-per-cent shareholder of the fisheries business and its 75-metre trawler, which harvests shrimp and turbot in Nunavut’s allocated fishing zones.