Pescanova offers lenders up to 65% of shares in new debt plan
date:Mar 21, 2014
creditors prepared by Deloitte.

Founded in 1960, Pescanova developed the worlds first fishing boat equipped with a freezer, allowing the companys boats to trawl waters around Brazil, Uruguay and Argentina. The company expanded to operate fisheries and processing facilities from Nicaragua to Japan and Namibia.

Pescanova had 3.25 billion euros of net debt at the end of 2012, according to a Dec. 10 statement by Deloitte. First-half results from 2012 reported financial debt was 968 million euros a
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