Preferential treatment to minor shareholders annoys Pescanova’s board
Factory that belongs to Pescanova. (Photo: Pescanova)
The Galician multinational firm Pescanova will become Nueva Pescanova in a few months, a new partnership with 80 per cent managed by seven banks and minor shareholders could have access to the remaining 20 per cent.
Creditor banks -- Sabadell, Popular, Abanca, CaixaBank, Bankia, BBVA and UBI Banca -- hold a strict position on the claims of the board to take over the remaining 20 per cent of Nueva Pescanova without providing EUR 7 million, the newspaper La Voz de Galicia reported.
Instead, they would offer preferential treatment to minority shareholders, who own 64 per cent of the undervalued shares in the company.
Growing fears of Mexican blockade to Honduran shrimp Honduras
Farmed shrimp producers from several Mexican states are exercising further pressure on the Government of Mexico to block the entry of Honduran shrimp into their country, the head of the Secretariat of Agriculture and Livestock reported.