June 14, 2018 / 4:59 PM / 5 months ago

BRIEF-Pescanova To Oppose Deposing Over 951 Mln Euros In Court Bail

June 14 (Reuters) - Pescanova SA:

* SAYS WILL APPEAL ORDER WHICH FORCES THE COMPANY TO PLACE DEPOSITS TO GUARANTEE CLAIMS IN A LAWSUIT

* SAYS EXECUTION OF THE ORDER COULD PLACE PESCANOVA IN A STATE OF TEMPORARY INSOLVENCY

* PRE-TRIAL DOCUMENT FILLED ON JUNE 11 ORDERS PESCANOVA TO DEPOSIT 348.2 MILLION EUROS ($405.3 million) TO RESPOND TO CLAIMS RAISED IN A LAWSUIT AND ADDITIONAL 602.9 MILLION EUROS FOR OTHER SECURITY DEPOSITS

Source text: bit.ly/2y9PrEV

Further company coverage: ($1 = 0.8592 euros) (Gdynia Newsroom)

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