Pescados Productos Congelados Selectos (PCS), a Valencia-based importer of pangasius, shrimp and other fish and seafood, is in the process of negotiating with banks over its debts.
Industry sources, who told IntraFish the news about Pescados PCS, said it is unlikely to be the last company that falls foul of its lenders, as European banks tighten credit lines.
“Pescados PCS is in the process of restructuring its banks debts through negotiations with the concerning banks,” the company confirmed to IntraFish Monday.
This process is not affecting the normal activity of the company in any way, it said.
“We
