'The strength' of Pescanova's commercial brand is one of the biggest pillars the firm has, the Directors think. (Photo: Pescanova)
Nueva Pescanova’s board this week approved accounts from the second half of last year, reflecting the loss of EUR 6.5 million, according to what the company reported in a release.
The board, who met on Tuesday in Chapela, Pontevedra, has been the first one to be held since the restructuring of the company after creditor banks took control of the multinational firm (80 per cent).
The company’s president, Jacobo Gonzalez Robatto, confirmed that they expect "to strengthen equity through a capital increase", but he said that the decision "will be taken by the shareholders themselves." The amount of the increase still has not been decided.
Before the extension takes place, Nueva Pescanova will have to approve the Strategic Plan, which will be submitted for con...
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