artwork for news feed headlines

A Spanish court accepted Spanish fishing company Pescanova's insolvency petition on Thursday and said it would name independent administrators to replace the board of directors.

“We declare Pescanova in insolvency,” the Pontevedra mercantile court in northwestern Galicia said in a ruling published on Thursday.

Galicia-based Pescanova, which catches, processes and packages fish, filed for insolvency this month on EUR 1.5 billion (USD 2 billion) of debt and has yet to present audited 2012 accounts, missing a 1 March deadline.

Click here to read the full story from Reuters >

Market Report

Latest videos and photos

Events

Seafood Expo Asia

September 02, 2014 - September 04, 2014

The Premium Seafood Marketplace for Asia

Asia-Pacific and Hong Kong's premier seafood trade event. Attendees source suppliers of live, fresh, frozen and packaged seafood products from around the world. Exhibitors connect with professionals in retail, foodservice, and distribution. MORE...