The Galician banking corporation Abanca confirmed it had sold most of the fishing processing conglomerate of Nueva Pescanova to the Canadian corporation Cooke Seafood Inc.<br />
Nueva Pescanova is the name of the defunct Galician Pescanova company recovered by Abanca, after it surfaced the company was indebted in over 500 million US dollars which ended with several of the original owners jailed for fraud and fake accountancy.