Nueva Pescanova’s board of directors on Jan. 19 approved the strategic plan laid out by the company in October last year.
Although the plan had already been presented, the board officially approved it both in terms of strategy and viability, which was pending of a capital increase of more than €300 million (317.8 million).
The board also gave green light to the initiation of the capital increase process at the meeting held in Chapela, Vigo.
The company had previously reached an agreement with creditor banks La Caixa, Sabadell, Grupo Banco Popular, Abanca, BBVA, Bankia, Ubi, HSBC y SVP, owners of more than 75 percent of the firm, to capitalize part of the credit.
Nueva
