Pescanova 'will remain profitable and attractive to investors' if it keeps running as in the last two years, a company spokesman tells Undercurrent News Continue reading
Tag Archives: Pescanova
Pescanova shareholders back rescue plan
Vote means company will go ahead with restructuring to form Nueva Pescanova, avoiding potential liquidation proceedings Continue reading
Pescanova aims to up sales in dollar markets, transfer costs to EU clients
Spanish fishing multinational will try to transfer costs to European customer prices 'as far as possible', following its €25.2m loss linked to currency effects and falling shrimp prices Continue reading
Pescanova reports €25m loss as falling shrimp prices, currency issues hit profitability
Pescanova posted a €25.2m loss in the first five months of the year, as falling shrimp prices and currency effects had 'a significant impact' on operations
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Pescanova will not be sold in short-term following banks’ takeover
Creditor banks are expected to own the Spanish multinational in the fourth quarter of 2015, following the shareholders approval of the company's restructuring plan Continue reading
All Pescanova subsidiaries backed for bailout
Creditors have backed the restructuring proposal for all ten subsidiaries that filed for voluntary proceedings last year, including Bajamar Septima and Frinova Continue reading
Creditors back bailout plan for Pescanova subsidiaries
Five Pescanova subsidiaries will avoid liquidation, as creditors have supported Pescanova's restructuring proposal; bailout plans for the other five subsidiaries will be voted tomorrow Continue reading
Pescanova urges support from HSBC, Morgan Stanley to rescue two subsidiaries
Pescanova has urged banks HSBC and Morgan Stanley to support the restructuring proposal for two of the subsidiaries that filed for voluntary proceedings last year Continue reading
Court seizes assets of former Pescanova chairman
Spanish authorities have seized the assets of the former Pescanova chairman Manuel Fernandez Sousa-Faro for his alleged role in the collapse of the seafood multinational Continue reading
Pescanova cuts Q1 losses, improves earnings 50% on higher sales
Revenue for the quarter was up 23.4% to €254.3m year-on-year Continue reading
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