Latest seafood M&A, deals, investment and financial results
The frozen food giant said it priced its senior secure notes.
The long awaited sales process has officially begun.
Both international and national entities are willing to increase their exposure in the industry.
Company has to bolster its facilities after winning large contract from M&S.
The company is waiting on the approval of a restructuring process to be able to deal with payment obligations.
Financial group now owns 1.3 million shares in the company.
Norwegian salmon giant says it harvested a total of 84,000 tons of salmon in the first quarter of the year.
Company expects contract with M&S will improve results.
Company’s revenue is now back to the levels preceding the sale of the Wilhelmshaven business.
The old company will fight to regain its position in the Nueva Pescanova.
Group sees improvement in only its second year of operation.
E&E, APICDA and Icicle have also been picking at the bones of the Great Pacific carcass.
Company controls the entire value chain for salmon with 10 farming licenses, ownership in hatcheries, cleaner fish production, a processing plant and sales unit.
The Dutch fund is aiming to raise €400 million over a 10-year period.
Old Pescanova's shareholding is diluted to 1.7% in move that 'literally saved' the group once once again, president says.
The old company will have participation of less than 2% in the new company.
Profit is expected to fall 12 percent below estimates.
The income for the quarter corresponds to the agreements for support by Nueva Pescanova.
The company says the amount should be paid following the agreement signed by both firms in 2015.
The group wants to use the net proceeds to refinance its debt.