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Analysis

Sources: Pescanova looking to sell shrimp farms

Hasty aquaculture expansion seems to be one of the reasons for Pescanova's current predicament, with sources saying the company is touting some of its shrimp operations for sale, as well as its Chilean salmon farms 

By Tom Seaman | March 4, 2013 08:19 GMT
Pescanova
Pescanova vannamei shrimp tray
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Pescanova's rapid expansion into aquaculture, combined with the credit crunch in Spain, seem to be the primary reasons for its slide into filing for protection from its creditors, according to sources [...]

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