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Analysis

Pescanova needs €2.4bn ‘haircut’

Pescanova’s need for €2.4bn haircut makes debt for equity swap only way to preserve company, says report

By Undercurrent News | May 28, 2013 08:00 BST
Pescanova
Pescanova in Chapela, Redondela.
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Pescanova needs a haircut of €2.40 billion to be viable, according to its creditor banks, reported El Confidencial. [...]

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