The company says it's renegotiated debt of $340 million (€238 million) with banks, without having to surrender its shares as a guarantee.
Cifuentes told Estrategia newspaper he's confident about the company’s recovery, saying it will grow 0 percent in 2010 due to “higher fishmeal prices, the world developing many farmed species and the incorporation of new huge human capital to consumption in Asia.”
The company will end up with 2009 sales of around $260 million (€182 million), he said, “which is a large drop but is still a large amount.
