Pescanova's survival to be decided in a month; Friday first deadline

Friday, February 28th 2014 - 03:14 UTC

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One of Spain's leading fishing companies Pescanova (under administration) faces a decisive deadline for its future, while banks finalize the negotiation of a creditors’ agreement based on debt cuts and investment in the firm, according to Europa Press based on sources familiar with the situation of the company. Read full article

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Briton
Another nail perhaps ?
Feb 28th, 2014 - 07:14 pm - Link - Report abuse 0
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ChrisR
I cannot understand why, as the major shareholder and prospective saviour of this outfit, they will not be a majority in the rescued rump? Are the banks that greedy? Or are bank customers fed up of being stuffed with the debts these greedy bastards end up with?

I say, in order to reduce the dead-hand of the Spanish fishing fleet on everybody else’s fishing grounds, the thing should be liquidated.
Feb 28th, 2014 - 08:14 pm - Link - Report abuse 0
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