Old Pescanova shareholders -- who own 20 percent of Nueva Pescanova -- voted against a proposed capital increase at the most recent shareholders meeting, reports La Vanguardia.

Minority shareholders have opposed the proposal since it was suggested, claiming the move is a strategy to dissolve their participation in the new company.

In addition, the proposals of US fund Broadbill for a renewal of the board of directors, and the removal of Cesar Mata as director of the company were refused at the meeting.

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