'Old' Pescanova will consult its partners on Nueva Pescanova expansion
Logos of 'Old' and New Pescanova. (Photo: Faro de Vigo/FIS)
Pescanova S.A., also known as 'old' Pescanova, has called an extraordinary shareholders' meeting for 21 March, to decide through voting whether they support the capital increase proposed by Nueva Pescanova.
In a statement sent to the National Securities Market Commission (CNMV), Pescanova S.A. informed that it will ask its shareholders whether or not they ratify the agreement and voting instruction adopted on 21 September, when they have already expressed their opposition to this recapitalization.
Pescanova S.A. is currently a holding company with no productive activity, which has a 20 per cent stake in Nueva Pescanova.
The capital increase proposed by Nueva Pescanova would dilute ten times its shareholding, which would be reduced to 2 per cent, according to calculations made public by the ...