Spanish bank Abanca is reportedly offering a "blank check" to the three investors that are reportedly keen on acquiring Nueva Pescanova, including seafood companies Cooke and Red Chamber, according to reports in the Spanish newspaper El Confidencial.
Sources told the newspaper that in exchange the bank is asking for offers for the company of at least €200 million ($215.7 million), plus the €500 million ($539.2 million) debt that the group carries, giving Nueva Pescanova an enterprise value of €700 million ($754.9
