The outlook for fishing, aquaculture and seafood processing giant Nueva Pescanova's financial future is bright following the takeover by Spanish bank Abanca, and marks the end of a long journey to reshape the company, according to CEO Ignacio Gonzalez.
Early last year, Abanca capitalized all bankruptcy debt in Nueva Pescanova after taking a 97 percent stake in the company, setting that stage for the company to grow, Gonzalez told IntraFish in a wide-ranging interview at the Seafood Expo Global trade fair in Barcelona last week.
