Pescanova intends to incorporate three new members to its board
Nueva Pescanova headquarters in Vigo. (Photo: HombreDHojalata/CC BY-SA 3.0)
The top executives of Pescanova SA, who controls 20 per cent of the company Nueva Pescanova, aim to strengthen its position against the banks that own 80 per cent of the firm and to this end, they will propose to their shareholders to increase the number of administrative council members, from the current four to seven.
The three new proposed members (Carlos Sanz, Cesar Real Rodríguez and Leopoldo Fernandez) are small shareholders who "have been really involved in the battle that it has maintained to preserve the presence of the minority ones within Nueva Pescanova," according to La Voz de Galicia.
In addition, at the meeting to be held on September 20 in Redondela, the board will ask shareholders to delegate the vote for them to reject a possible capital in...
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