Irish Pescanova subsidiary confident of survival

An Irish subsidiary of the giant Pescanova fishing group, which has filed for insolvency in Spain and whose chairman has been charged with falsifying information and insider trading, is “99 percent certain” to continue in business, its general manager has said.

Shrimp processor and wholesaler Eiranova Fisheries Ltd, which is based in Castletownbere, Co Cork, started its new season recently and remains unaffected by developments concerning its parent in Spain, said Jorge Andrades.

He said he was confident the business would survive any developments in Spain.

Click here to read the full story from The Irish Times >

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