Pescanova S.A, also known as old Pescanova, is planning to appeal against the decision made by the board of directors of Nueva Pescanova on April 20 to approve a capital increase of €135.4 million ($145.1 million), reports El Economista.
Old Pescanova became a minority shareholder -- with a 20 percent stake -- of Nueva Pescanova in 2015, when the group of banks dubbed the G-7, and led by Banco Sabadell, rescued the troubled company by acquiring 80 percent of it through a debt-for-equity swap.
On