New Pescanova’s majority shareholders, the lending syndicate known as the "G-7," will provide €150 million ($171.1 million) to repay a €125 million ($142.6 million) credit line approved by the company last year and add an additional €25 million ($28.5 million).
The decision came after a number of disagreements between minority and majority shareholders regarding the credit conditions.
The deal will significantly reduce loan financing costs, the company said.
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