Pescanova SA News

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1. 5/13/2013 3:54:00 PM Spain's Pescanova to get 55 mln euro lifeline from banks
   published by XE
   Troubled Spanish fishing company Pescanova, which filed for insolvency in April, is set to be granted a 55 million euro ($71.4 million) loan from its bank creditors to keep operations going, two sources familiar with the situation said.
   
2. 5/12/2013 2:11:00 AM Pescanova, expecting liquidity and management changes
   published by Fish Information & Services
   Deloitte, Pescanova's reorganisation administrator, seeks cash to save the multinational Galician firm. (Photo: Deloitte) Deloitte, the reorganisation administrator of the company Pescanova appointed by the National Securities Market Commission (CNMV), held a ...
   
3. 5/8/2013 4:42:00 PM Creditor banks refuse loan to Pescanova
   published by Fish Information & Services
   Sabadell bank will be the first spokersperson for creditor banks before Deloitte. (Photo: StockFile) During the meeting with Pescanovas reorganisation administrator and creditor banks held on Tuesday, foreign banks opposed to the grant of new loans to the ...
   
4. 5/8/2013 2:29:00 AM La banca extranjera, reacia a seguir financiando a Pescanova
   published by Edit Hot
   Deloitte, administrador consursal de Pescanova, solicito el pasado lunes a la banca acreedora un credito de al menos 50 millones de euros para que la pesquera pueda afrontar el dia a dia y no se vea obligada a parar su actividad. Las entidades espanolas estan ...
   
5. 5/8/2013 12:06:00 AM Pescanova subsidiary bankrupt, assets frozen
   published by Global FoodMate
   Core Tip: On Friday, a Chilean court declared that Pesca Chile, a subsidiary of Pescanova, was officially bankrupt. On Friday, a Chilean court declared that Pesca Chile was officially bankrupt. Pesca Chile, a subsidiary of Pescanova, is a fishing company ...
   
6. 5/7/2013 3:36:00 AM La banca ultima un credito urgente de 50 millones de euros a Pescanova
   published by Edit Hot
   La banca acreedora de Pescanova y Deloitte, administrador concursal del grupo, iniciaron ayer las conversaciones para intentar refinanciar la multinacional gallega. Lo que urge ahora a la pesquera es paliar su actual falta de liquidez: las entidades ...
   
7. 5/6/2013 3:10:00 PM Deloitte and creditor banks renegotiate Pescanova’s debt
   published by Fish Information & Services
   Deloitte, Pescanova's reorganisation administrator, started negotiations with the Galician multinational firm's creditor banks. (Photo: StockFile) On Monday seven creditor banks of Pescanova -- La Caixa, Banco Sabadell, Banco Popular, Bankia, NCG, Royal Bank ...
   
8. 5/6/2013 10:25:00 AM Argenova undergoing payment suspension phase
   published by Fish Information & Services
   The tension in the Galician multinational firm Pescanova moved to Argentina, where its subsidiary Argenova has already closed one of its three plants and requested the opening of a reorganization proceeding, according to newspaper La Nacin. Argenova, which is ...
   
9. 5/3/2013 6:53:00 AM Penguin News Vol 24 No 47
   published by Penguin News
   Falklands fishery silence on Pescanova problems More new homes than new people Taste Award for Falklands squid Day in the life of a fisheries observer Swimming Gala and Swim Team Falklands named     Full paper - TV Pages  - Back Page - Front ...
   
10. 5/2/2013 9:06:00 AM Abello sheds stake in Pescanova - report
    published by ADP Spain News
    -May 2, 2013- Spanish businessman Juan Abello disposed of his entire shareholding in seafood products group Pescanova due the financial problems of the company. Moreover, Abello disposed of his shareholdings in Ferrovial, BME, Iberdrola, Faes Farma and Sacyr in the period. Later in April it was revealed that the debt of Pescanova stands at EUR 3.3 million, twice...
    
11. 4/30/2013 2:34:00 PM Pescanova appeals its administration council dismissal
    published by Fish Information & Services
    Manuel Fernandez de Sousa was separated from Pescanova chair by a Court from Pontevedra. (Photo: StockFile) The Galician multinational firm Pescanova filed a reconsideration appeal before the Court of Pontevedra No. 1 against the order by which the management ...
    
12. 4/30/2013 10:00:00 AM Deloitte lined up to handle Pescanova collapse
    published by Fishupdate.com
    The whole drama throws a huge cloud over international fishing operations. As a company, Pescanova doesn't come much bigger with global fish farming and fish processing operations and a 100-vessel strong fleet. Last week a Spanish Court acknowledged the ...
    
13. 4/30/2013 7:59:00 AM Pescanova SA Appeals Court Decision To Suspend Board-Reuters
    published by Reuters
    Reuters reported that Pescanova SA had appealed a court decision to remove the Company's Board of Directors as part of insolvency proceedings. The Pontevedra mercantile court in Galicia, where Pescanova SA is based, accepted the Company's insolvency petition, ...
    
14. 4/30/2013 5:06:00 AM Failure of Spain's Pescanova lifts lid on culture of secrecy
    published by Reuters
    Even in a record year for Spanish bankruptcies, the filing by Pescanova, a household local name that farms, catches and processes fish, stands out not just for scale, but for the opaque culture and boardroom dysfunction it has revealed. The April 15 ...
    
15. 4/30/2013 12:01:00 AM Pescanova has debt of close to four billion euros
    published by El Pais
    Spanish seafood processing group, Pescanova, which is in voluntary receivership, has close to 4 billion euros in short- and long-term debt, more than double the amount declared as of September of last year. The company, which has admitted operating a dual accounting system, has yet to publish its revised balance sheet for last year despite repeated requests to do...
    
16. 4/29/2013 2:59:00 PM Spain's Pescanova appeals court decision to suspend board
    published by Reuters UK
    5:45pm BST MADRID, April 29 (Reuters) - Spanish fishing company Pescanova said on Monday it had appealed a court decision to remove the firm's board of directors as part of insolvency proceedings. The Pontevedra mercantile court in Galicia, where Pescanova ...
    
17. 4/29/2013 11:28:00 AM SPAIN: Pescanova closes Argentina facility
    published by Just-Food
    Debt-ridden Spanish fish and seafood manufacturer Pescanova has closed one of its manufacturing facilities in Argentina. There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis. If you’re ...
    
18. 4/29/2013 10:25:00 AM Euler Hermes bullish about growth in Brazil
    published by BNamericas (English)
    Euler Hermes said it expects demand for credit insurance coverage to remain strong, especially in growth markets such as Brazil, China, the Middle East, Russia and Turkey, which should allow the Paris- based credit insurer to post a 2013 top line growth in the 3-5% range. Euler Hermes' revenues rose to 619 mn euros in 1 Q13. Euler Hermes' 1 Q13 net income rose by 28% to 85.3...
    
19. 4/29/2013 4:24:00 AM Spanish Regulator Proposes Deloitte As Pescanova SA’s Administrator-Reuters
    published by Reuters
    Reuters reported that Spanish stock market regulator (CNMV) said on April 26, 2013 it had proposed Deloitte as the administrator of Pescanova SA, which has filed for insolvency. A Spanish court accepted Pescanova SA's insolvency filing on April 25, 2013 and ...
    
20. 4/29/2013 12:00:00 AM SPAIN: Pescanova closes Argentina facility
    published by just-food.com
    SPAIN Pescanova closes Argentina facility just foodcom Debt ridden Spanish fish and seafood manufacturer Pescanova has closed one of its manufacturing facilities in ArgentinaPescanova which filed for voluntary insolvency earlier this month has closed one of its two plants in the country a spokesperson for the company confirmed to just food today 29 AprilThe firm had taken a preliminary step in insolvency proceedings at the beginning of March prompted by an unsuccessful bid to find a buyer for its Chilean salmon business However it failed to reach an agreement with creditors on the renegotiation of its debts and filed for bankruptcyThe spokesperson declined to provide any other details of the closure other than.