Nueva Pescanova Embraces a New Future by Eliminating Almost All Inherited Debt
The Nueva Pescanova Group, a leading multinational seafood company, recently approved a plan to refinance its debt.
At a general meeting this week, Nueva Pescanova partners approved a debt capitalization of 542.2 million Euros, the company said in a statement. ABANCA will capitalize all of the company's bankruptcy debt and is now Nueva Pescanova's sole creditor. It creates a more stable footing for the Group.
The meeting was the starting point for overcoming the bad financial situation in which Nueva ...
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