Banks give Pescanova 10 days deadline; father of Basque leader touted as ‘number two’
Pescanova must come up with full 2012 earnings figures and roadmap within 10 days, say banks, as Damm calls for extraordinary council
Pescanova workers demonstrate in support of management
Pescanova workers demonstrated in support of the company and its management and chairman in Pontevedra, as banks meet in Madrid to decide on how to restructure the company’s debt
Sources: Marine Harvest, Aquachile sit back as Pescanova drama unfolds
Salmon firms in Norway and Chile are tracking the Pescanova drama, with bank sources in Spain saying Pescanova will need to sell a lot more than its Chilean farms
Banks call on Fernandez to appoint a ‘number two’ to renegotiate debt
Creditors will also consider hiring legal counsel, says newspaper, as parties gear up for first meeting between Pescanova and creditors this Tuesday
Third Pescanova board member disputes Fernandez version of meeting
Third Pescanova director comes out and says he didn’t vote in favor of restructuring, after Damm and Luxempart disputed the version of the meeting put out by the company late last Thursday
Banks scramble for plan on cash-strapped Pescanova
Seven Pescanova creditor banks form a steering committee to meet in Madrid on Tuesday, with the cash-strapped company reportedly invited to attend
Damm, Luxempart dispute Pescanova chairman’s version of meeting
Pescanova’s second and third largest shareholders dispute the account of Thursday’s meeting given in a statement from chairman Manuel Fernandez
Fernandez still at helm of stricken ship Pescanova
Epic board meeting produces the briefest of statements at just before 11pm Thursday, with chairman Manuel Fernandez de Sousa-Faro still at the helm of the company
Pescanova chairman fights for position
The position of Manuel Fernandez de Sousa-Faro as head of Pescanova is under question, in an extraordinary board meeting Thursday, called for by brewer Damm
Further dive in Pescanova Ecuador shrimp output
February's shrimp output from troubled giant’s Ecuador operation dives on January's already-low level, following a Boston seafood show dominated by talk of the company’s troubles