Spanish bass and bream producer Grupo Tinamenor is ready to move on from bankruptcy, after leaving proceedings in a record time of 6.5 months, CEO Gustavo Larrazabal told IntraFish.
The company entered voluntary bankruptcy proceedings in early August last year in a bid to fix its financial difficulties.
Since then, a lot has been achieved and five of the group's subsidiaries are now out of the proceedings, Larrazabal said.
Industry investors bought out the group's bank debt, a move that was "in some cases" approved by 80 to 95 percent by creditors.
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