Brief: ABANCA Reaches Agreement With Cooke Inc. To Exclusively Negotiate Sale Of 80% Of Its Stake In Nueva Pescanova

Pescanova SA

13/04/2023 12:13

April 13 (Reuters) - ABANCA Corporacion Bancaria SA:
    * ABANCA AND COOKE REACH AN AGREEMENT TO EXCLUSIVELY NEGOTIATE TRANSFER OF 80% OF ITS STAKE
IN
NUEVA PESCANOVA
    * NUEVA PESCANOVA WILL KEEP ITS HEADQUARTERS IN VIGO AND ABANCA WILL RETAIN 20% OF ITS STAKE
    * TRANSACTION UPHOLDS FUTURE VALUATION OF NUEVA PESCANOVA OF AROUND 800 MILLION EUROS
    * WILL CONTINUE TO SUPPORT NUEVA PESCANOVA IN DEVELOPMENT OF ITS BUSINESS PROJECT WITH ITS
PRESENCE IN SHAREHOLDING OF CO, AND AS A BANKING ALLY


Further company coverage:  PVA.MC 

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