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Expectations as to Pescanova’s real debt
Spain During a special session held last Thursday, 11 of the 12 members of the Board of Directors of the company Pescanova decided to offer more time to the BDO audit to determine the real value of the debt.
SAFE Seafood Act will affect retailers too
United States It is believed that the seafood fraud bill reintroduced to the House of Representatives earlier this month with new traceability and labelling requirements could have an effect on retailers.
Blue Economy initiative introduced
European Union This week the EC launched a proposal to improve the planning of maritime activities at sea and the management of coastal areas in an attempt to make real the potential of Europe's Blue Economy for growth and jobs.
Pescanova creditor banks create committee to renegotiate its debt
Spain Representatives from more than 40 of the creditor financial institutions of the Galician multinational firm Pescanova decided to form a management committee that will study the situation of the firm and seek a solution to address the restructure of the debt.
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March 2013

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