Brief: Pescanova To Oppose Deposing Over 951 Mln Euros In Court Bail

Pescanova SA

14/06/2018 17:56

June 14 (Reuters) - Pescanova SA  PVA.MC :
    * 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: https://bit.ly/2y9PrEV
    
 Further company coverage:  PVA.MC  
   



($1 = 0.8592 euros)

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