Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Pescanova facilities on Beiramar Avenue, in Vigo. (Photo: HombreDHojalata - CC BY-SA 3.0)

Pescanova shares still inhibited, after filing a tendering process

Click on the flag for more information about Spain SPAIN
Tuesday, March 05, 2013, 01:20 (GMT + 9)

Pescanova shares remain inhibited, after going public again for a short time on Monday, following the cancellation of the temporary suspension of the stock market quotation of the securities, which had been imposed by the National Securities of the Market Commission (CNMV) .

On Friday, the CNMV argued that it had taken the decision to cancel Pescanova share quotation "for unusual circumstances that could disrupt the normal course of operations on the value," after Pescanova Board of Directors decided not to perform the annual accounts of 2012 given the possibility of presenting bankruptcy proceedings, the newspaper La Voz de Galicia reported.

On Thursday, the Galician multinational firm requested CNMV to assess "whether to provisionally cancel the share quotation," the agency Europa Press reported.

After an auction period which lasted just half an hour, in the volatility auction before its full price the Spanish canning firm’s securities recorded a drop of 20 per cent, after being settled at USD 17.40 on Thursday, EFE agency reported.

The company is going through a difficult financial situation, so last Friday it filed a tendering process in an attempt to renegotiate the debt with banks.

The liabilities of the group have been estimated at around EUR 1,600 million while at the end of September 2012 it amounted to EUR 1,522 million.

The creditors of the receivership are Sabadell-CAM, with approximately EUR 200 million; NCG, with EUR 150 million; La Caixa, with EUR 150 million; Popular, with EUR 100 million; Santander, with EUR 80 million; Bankia, with EUR 75 million; Unicaja with EUR 60 million; Caixa Geral, with EUR 50 million; and Liberbank, with EUR 45 million.

Between January and September 2012, the company's turnover rose by 8.9 per cent, reaching EUR 1,149 million, and the international business grew by 14 per cent.

Meanwhile, sales in the domestic market rose 2.8 per cent "as a result of the strong presence of the group in the seafood sector," the newspaper El País reported.

In June 2012 Acuinova Chile, a Chilean subsidiary of Pescanova, at the Securities and Insurance Superintendency presented its intention for 49 per cent of the firm to go public, but the requirement of the pre-bankruptcy proceedings completely halted the company's aspiration.

Acuinova hoped to obtain EUR 46 million at the market with the issuance of more than half a million of shares to "finance the development plan for the coming years, which includes capital expenditures for setting new feedlots in seawater" in plants that it has in Aysén and in Magallanes, newspaper Faro de Vigo reported.

Related articles:

- Pescanova share quotation suspended
- Acuinova Chile launches stock market

By Analia Murias
[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
Oct 21, 02:30 (GMT + 9):
Haddock quality improves with live storage
United States
Oct 21, 01:50 (GMT + 9):
Walleye could open new aquaculture opportunities at Wisconsin
Spain
Oct 21, 01:40 (GMT + 9):
Galicia and Cape Verde strengthen collaboration on fisheries
United States
Oct 21, 00:20 (GMT + 9):
Live cam could show real Atlantic cod status
United Kingdom
Oct 21, 00:10 (GMT + 9):
Marine Harvest loses 125,000 salmon in Scotland due to disease outbreak
Chile
Oct 20, 23:50 (GMT + 9):
Precautionary closure of wellboat sinking zone ordered in Chiloé
United States
Oct 20, 22:40 (GMT + 9):
ARS researchers develop strep-resistant tilapia
United States
Oct 20, 22:20 (GMT + 9):
IN BRIEF - Salmon sex linked to geological change
Spain
Oct 20, 22:20 (GMT + 9):
Trawling modifies predator-prey relationships
New Zealand
Oct 20, 22:00 (GMT + 9):
IN BRIEF - Study predicts changes in marine ecosystems
Australia
Oct 20, 22:00 (GMT + 9):
IN BRIEF - Queensland to introduce mandatory GPS trackers for commercial fishermen to track sustainable catch
China
Oct 20, 22:00 (GMT + 9):
IN BRIEF - Asia's largest deep-water cage farming base in Hainan
Australia
Oct 20, 22:00 (GMT + 9):
IN BRIEF - Tasmanian seafood production approaches AUD 1 billion
United States
Oct 20, 21:40 (GMT + 9):
Miami offers ideal conditions to produce salmon at large scale
United States
Oct 20, 03:00 (GMT + 9):
IN BRIEF - Shrimp Task Force supports dredging over diversions



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Bluefin tuna remains popular in Japan but not at the top
Japan A recent survey to 1,000 Japanese consumers shows that over 70 per cent choose to grill fish fillets while 63.8 per cent and 50.4 per cent go for sashimi and sushi, respectively, when asked how they l...
Ten rivers may dump almost 4 million tonnes of ocean plastic debris
Germany A team of scientists from the Helmholtz Centre for Environmental Research and the Weihenstephan-Triesdorf University of Applied Science, both in Germany, has found that only 10 rivers may be to blame for millions of tonnes of ocean plastic.
EU audit speeds up fishing sector's thorough checks
Thailand Thai authorities have been urged to boost the fishing sector ahead of a visit by European Union representatives to audit the country's measures against illegal fishing next month.
Brussels settle deal with Norway and Faroe Islands on mackerel
European Union The European Commission welcomes the agreement reached in London between the European Union, Norway and the Faroe Islands on the mackerel fishery in 2018.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2017 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER