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Pescanova

Pescanova proposes 95% debt write-off on average for subsidiaries in bankruptcy

The Spanish multinational submits its restructuring proposals. The main difference with the creditor banks' bailout plan is the absence of deadline to back the final proposal, to avoid any liquidation scenario

By Alicia Villegas | March 20, 2015 09:33 GMT
Pescanova, Vigo, Avenida de Beiramar
Pescanova, Vigo, Avenida de Beiramar
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Pescanova submitted on March 19 its restructuring proposals for the ten subsidiaries that filed for voluntary bankruptcy proceedings last year, announced the Spanish financial regulator CNMV [...]

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