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Pescanova

Abanca inks deal to up stake in Nueva Pescanova to 80%, taking control

Abanca confirmed it will purchase the shares in Nueva Pescanova previously held by Banco Sabadell and Caixabank, equivalent to 39.8% in the company, for an undisclosed price

By Undercurrent News | March 26, 2020 21:19 GMT
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ABANCA Corporacion Bancaria, a lender based in the Galician region of Spain where Grupo Nueva Pescanova also hails from, has agreed to purchase shares in the seafood conglomerate from two other Spanish banks, upping its stake in the company to 80%.  [...]

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