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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Wright Reports

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Pescanova SA Announces Further Details On Insolvency-Reuters

Wednesday, 10 Jul 2013 01:53pm EDT 

Reuters reported that Pescanova SA, which filed for insolvency in April 2013, announced that it had net debt of EUR 3.3 billion (USD 4.2 billion) at the end of December 2012. This is more than double the EUR 1.5 billion debt mentioned in the Company's insolvency filing. The former management of Pescanova SA acted to conceal the Company's true debt position for many years. 

Company Quote

-2.31 -31.56%
12 Mar 2013