Pescanova could retain turbot farm as banks agree to talks
Pescanova could end up keeping its Portuguese turbot farm Acuinova, after creditor banks agree to enter talks to refinance subsidiary, dropping previous plans to take it over and sell it
Pescanova makes a profit in first half of year; fishing division most profitable
However, equity still in the red as Spanish group, now under the control of banks, made a small gain on revenues of €434m in the first six months of 2014
Greece bucks overall trend as Europe’s fish farming production drops 3% in 2013
Lower salmon volumes in Norway led a 68,000t drop in European production in 2013, with Greece only significant producer to experience any growth driven by 16% hike in seabass
Pescanova demands two-year moratorium for turbot plant
Spanish fishing company asks Portuguese entities for more time and funding to ensure the survival of the turbot plant in Mira
Spanish fish farmers call for EU-wide fallowing law, based on Norwegian model
Apromar suggests updating rules in EU countries picking up lessons learnt in both Norway and Scotland from their farmed salmon industry
Pescanova to sell out of Portuguese turbot farm
Pescanova has mandated PriceWaterhouseCoopers, which was also in charge of first viability plan for the Spanish seafood group, to sell its stake in Acuinova
Stolt Sea Farm blames Pescanova for flooding market as it takes multi-million hit on turbot ops
Company swings to a loss in second quarter of the year, blaming bankruptcy of its main competitor for causing forced sale of small fish at low prices
Creditor banks in talks about future of Pescanova’s Portuguese turbot farm
Acuinova incurred debts of €99.8 million with four Portuguese banks, which are now assessing options for the farm, including a sale
Stolt sees turbot prices impacted by competitor production problems
Stolt Sea Farm reported a drop in turbot prices which it attributed to competitors selling low, because of production problems
Stolt Sea Farm to harvest first sole from Iceland this year
Back in the black in part thanks to a 24.5% increase in turbot prices in its financial 2013 year, the turbot, sole and sturgeon farmer aims to harvest its first sole from its Iceland farm this summer