Spanish government's power to block foreign takeovers could tip the scales in Nueva Pescanova M&A battle

The Spanish executive holds the right to sign-off on foreign investments in unlisted companies that exceed €500 million in value.

Nueva Pescanova is said to be looking for a stable industrial partner and increased volume with the aim of strengthening its profitability.
Nueva Pescanova is said to be looking for a stable industrial partner and increased volume with the aim of strengthening its profitability.Photo: Pescanova
Published 31 March 2023, 11:07Updated 3 April 2023, 07:51