Pescanova's facilities in Chapela, Galicia. (Photo: Pescanova)
Pescanova’s shareholders on Tuesday approved merger and segregation projects as well as the partnership capital extension, in which shareholders will own 20 per cent participation, without cash payment. In this way Nueva Pescanova is born, two years after the Galician multinational group’s debacle.
In an extraordinary meeting held at the premises of the company in Chapela (Pontevedra), shareholders gave their approval to the subsidiary merger project, except for Hasenosa, Novapesca Trading and Insuiña and subsequent segregation that result Pescanova España and Nueva Pescanova, reported Europa Press.
The group of creditor banks consisting of Bankia, Popular, Sabadell, Caixabank, BBVA, UBI Banca and Abanca will control 80 per cent of the new company, by providi...
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