Old Pescanova -- holder of 20 percent of New Pescanova -- posted profits of €9,000 ($10,078) in the first half of 2016, the company said.
These results are not comparable with the same period a year earlier as the company underwent a restructure process with the intervention of the seven creditor banks, who now own 80 percent of the New Pescanova.
In a note sent to the Spanish Securities Market Commission (CNMV), old Pescanova shareholders warned New Pescanova’s proposals for a capital increase and the addition of three new members to the board could mean the annulment of old Pescanova’s participation in the new company.
The
