Nueva Pescanova Seeks 70M Equity Injection to Drive Strategy

Shareholders in Nueva Pescanova face a pivotal moment this Tuesday as the leadership unveils a proposed plan to advance the current strategic path. The path, a symbol tied to the companys aim to exit bankruptcy by 2025, is designed to sharpen focus on selling more and higher value products in markets that prize the brand. The agenda centers on productivity, efficiency, and sustainability across a stronger value chain. Implementing the plan will likely entail organizational changes, including digitizing internal processes and possibly resizing the operation. The fifth pillar of the roadmap, drawn up with input from Boston Consulting Group, explicitly mentions potential mergers or alliances as a means to reach the goals in the most effective manner. An attempt was made to partner with the Argentine firm Veraz, but according to Faro de Vigo, price discrepancies and rising inflation hampered that operation. At the same time, the partners based in Chapela were approached about a 70 million euro injection to bolster the plan’s execution and reinforce financial stability.