The Spanish seafood group Pescanova is reportedly close to selling Falkland Islands Lafonia Seafood, which has operations valued between €15 and €20 million, reported the Spanish newspaper Cinco Días.
Argentina’s government could at any stage now force Spanish seafood group Pescanova to divest its squid fishing operation based in the Falkland Islands, as it is reportedly breaching fishing legislation, said Spanish media.
The auditing firm KPMG found out that the Galician multinational firm Pescanova ‘blew up’ up to 1,264% the price of seafood products sold to the 14 instrumental (straw) companies with which it operated through fake invoices.