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Pescanova’s Largest Shareholder Seeks Control of Co., Cinco Says 2013-12-06 08:21:17.773 GMT
By Sharon Smyth Dec. 6 (Bloomberg) -- Carceller family, largest shareholder in Pescanova, seeks to gain control of co., Cinco Dias reports. * Family owns 7.8% of co., is prepared to inject capital: Cinco Dias * Deloitte is now administrator of co. after it sought protection from creditors: Cinco Dias * Plan is for new investors to take 51% of co.: Cinco Dias * Creditor banks, which will have to accept a haircut of about 75%, would keep as much as 49% of co.: Cinco Dias * Aim is to capture between EU250m and EU300m new capital: Cinco Dias
For Related News and Information: Link to the story: http://tinyurl.com/phqwx6a <GO> Link to Company News:PVA SM <Equity> CN <GO> Link to Company News:3240627Z US <Equity> CN <GO> First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
--Editors: Todd White, Jerrold Colten
To contact the reporter on this story: Sharon Smyth in Madrid at +34-91-700-9601 or ssmyth2@bloomberg.net
To contact the editor responsible for this story: Andrew Blackman at +49-30-70010-6223 or ablackman@bloomberg.net