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Pescanova

Pesca Chile creditor files to speed up Acuinova sale as talks with Damm collapse

Damm bid looks even more fragile as BCI files for a separate bankruptcy sale of Pescanova's Chilean subsidiary, Acuinova

By Victor Jimenez | Jan. 16, 2014 17:10 GMT
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Workers process farmed salmon in a plant at Acuinova Chile, located in Puerto Chacabuco, which lies 1,625 km (1,010 miles) south of the capital Santiago February 28, 2009. REUTERS/Victor Ruiz Caballero

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Banco de Credito e Inversiones (BIC), one of the main holders of Pesca Chile's €134.4 million bank debt, filed action on Thursday with a civil court in Santiago, Chile, to conduct bankruptcy proceedings and a sale of Acuinova, separately from Pescanova's other Chilean subsidiaries. [...]

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