Pescanova with serious financial problems: shares down 60% in Monday trading

Tuesday, March 5th 2013 - 04:38 UTC

Full article 4 comments

Spain’s Pescanova SA (PVA), Europe’s second- biggest fish processor, plunged 60% after it started the initial phase of seeking creditors’ protection and delayed results pending asset sales and a debt renegotiation. Read full article

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Think
Hmm.....
Pescanova SA.
Ain't those guys MLA Dick Sawle's ol' chums.....?
Lots of troubles in “Caladero Malvinas” horizon, I can tell.
Mar 05th, 2013 - 10:08 am - Link - Report abuse 0
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Sergio Vega
PescaChile & Nova Austral, Pesca Nova's Chilean branchs, is the biggest Chilean fishing company with about 20 vessels and fish-farming plants.....so this bad result will afect our economy, mainly at the southern regions where PescaChile have its assets and fleet, being a big employer and material & service consumer.
Hope they can save the company for the sake of a lot of people here and around the world....
Mar 05th, 2013 - 12:53 pm - Link - Report abuse 0
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Think
Don't worry Sergito.....

They are too big to fail in Chile.....
If they go bankrupt, the Chilean Government will be forced to “Socialize their Losses”.....
With your tax monies, of course......
Mar 05th, 2013 - 04:20 pm - Link - Report abuse 0
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Ayayay
Actually, anything Spain affects Brazil.(they are Brazil's biggest investor), Chile & Arg-because of the European connections.

Spain was the Porteños favorite place to send remittances from a year and a half ago.
Mar 05th, 2013 - 08:14 pm - Link - Report abuse 0
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