Fishing vessel belonging to Pescanova. (Photo: Pescanova)
Nueva Pescanova plans to invest some EUR 125 million in the next four years, EUR 65 million of which will be destined to maintain its infrastructure and around EUR 60 million to generating capital investments, according to the business plan that the company has just revealed.
Among other measures, banks that control the company have planned to invest about EUR 43 million to renovate the fleet and around EUR 4.5 million to open a research farming unit for new species.
According to the plan presented by the fishing firm’s president Jacobo Gonzalez-Robatto to the members of the board, the goal is to achieve sales of EUR 1,445 million and EBITDA of EUR 139 million in 2020.
The focus will be on the European market (especially in Spain, Portugal, France and Italy) and the United States, where i...
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