Royal Greenland
Encyclopedia
Royal Greenland A/S
is a fishing
company in Greenland
. The company operates in a number of towns and settlements in Greenland, with 20 fish processing plants and ship bases of local subsidiary units. Some of the processing plants were closed between 2007 and 2009.
state monopoly. After the Greenland Home Rule
was granted in 1979, the government of Greenland took over operations.
In 1990 Royal Greenland was established as an independent company. As of 2010, its privatization
is delayed by negative financial results and competition concerns.
Aktieselskab
An aktieselskab is the Danish name for a stock-based corporation. An aktieselskab can be both publicly traded and private.-Liability:...
is a fishing
Fishing
Fishing is the activity of trying to catch wild fish. Fish are normally caught in the wild. Techniques for catching fish include hand gathering, spearing, netting, angling and trapping....
company in Greenland
Greenland
Greenland is an autonomous country within the Kingdom of Denmark, located between the Arctic and Atlantic Oceans, east of the Canadian Arctic Archipelago. Though physiographically a part of the continent of North America, Greenland has been politically and culturally associated with Europe for...
. The company operates in a number of towns and settlements in Greenland, with 20 fish processing plants and ship bases of local subsidiary units. Some of the processing plants were closed between 2007 and 2009.
History
It was founded in 1774 under the name Den Kongelige Grønlandske Handel (The Royal Greenlandic Trade) as a DanishDenmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
state monopoly. After the Greenland Home Rule
Parliament of Greenland
The Parliament of Greenland is the legislature in the government of Greenland, an autonomous province of Denmark. The government of Greenland is also called Home Rule of Greenland. 16 seats are needed for a majority....
was granted in 1979, the government of Greenland took over operations.
In 1990 Royal Greenland was established as an independent company. As of 2010, its privatization
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
is delayed by negative financial results and competition concerns.