date:Mar 28, 2014
The main creditor bank for embattled Spanish fishing company Pescanova does not approve of the offer of creditors' agreement that Pescanova submitted in bankruptcy court, so the threat of the liquidation still hangs over the fishing giant.
Pescanova has been embroiled in troubles for more than a year after declining to present to Spanish regulators its annual accounts. Subsequent investigations revealed discrepancies between the company's accounting and its debts, which led to the company filin