The company has reportedly bought 24,000 square meters of land, investing €24m to up production Continue reading
Tag Archives: Turbot
Stolt Sea Farm revenue up on higher turbot sales, sole prices
Turbot, sole and sturgeon farmer was boosted by a 13% increase in turbot sales in Q3, while the bottom line recovered on positive fair value assessment Continue reading
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
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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 Continue reading
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 Continue reading
Portugal hails record aquaculture volumes on 50% hike in 2013
But growth belies mixed picture as soaring mussel production contrasts with serious decline in turbot output, due to the problems experienced by Pescanova's Acuinova plant in Mira Continue reading
Pescanova demise to tumble European turbot market, alerts expert
Spanish turbot market is heading for a severe depression in the near future, and it will take a few years for sales volumes to recover, says professor Continue reading
Portugal refuses to provide funds for Pescanova’s turbot plant
Portuguese authorities remain on the sidelines, waiting for developments in the Spanish multinational's deal with its creditors Continue reading