The Fourth Section of the Criminal Chamber of the National Court will judge the old Pescanova former administrators for making up the accounts of the company as of December 2, with the prospect that more than 40 sessions will be held and the procedure will be seen for sentencing in March 2020, as specified in the oral trial notice to which Europa Press has had access.
The Galician multinational firm Pescanova needs an estimated 185 million Euros in working capital to be run in a year, according to estimates made by the consulting firm PricewaterhouseCoopers (PwC).
Pescanova president, Manuel Fernández de Sousa-Faro, decided to sell 5.1% of the company's stake to Luxempart investment group for EUR 29.76 million.