A historic deal has reshaped Greenland’s fishing sector. As of 1 October 2025, SISA Pension has acquired a 5% stake in Polar Seafood Greenland A/S.
It is the first time the family-owned company has opened for outside ownership. Over time, SISA expects to double its share to 10%.
The agreement means that more than 44,000 Greenlandic pension savers are now partial owners of the country’s most significant privately owned business.
For Polar Seafood, it marks both continuity and change in a sector central to Greenland’s economy.
Broader ownership and social impact
“This is not just about returns,” said SISA chair Jess G. Berthelsen. “It is about securing jobs, strengthening the fishing industry, and giving our members real ownership.”
SISA’s director, Søren Schock Petersen, stressed that the investment followed careful review: “The expected return matches the risk. We manage our members’ money with respect.”
Polar Seafood welcomes a new partner
Polar Seafood’s directors hailed the move. “We take the new fisheries law seriously, and through this partnership we share resources more widely,” said CEO Bent Salling. His colleague Miki Brøns added:
“The future begins now – together with SISA and our dedicated employees, we will build on our strong heritage”.
SISA is Greenland’s largest pension fund with DKK 6.5 billion (€870 million) under management. Each year, members pay in more than DKK 400 million (€54 million).
Polar Seafood is Greenland’s leading private fishing company, a cornerstone of the country’s exports and employment.