Pescanova

Pescanova S. A. is a Spanish fishing group based on Galicia's Atlantic coast, in the Chapela - Redondela ( Pontevedra province ), just north of Vigo, the most important fishing port in the world, which is the central base of operations of the Group.

The company, with a turnover of around 1.5 billion euros and approximately 10,000 employees (including approximately 3,500 in Spain), around 100 ships and produced annually 150,000 tonnes of fisheries products, the largest fishing companies in Europe and is among the world's five largest companies in the industry as well as the most important food companies in Spain.

Pescanova was founded in 1960 by José Fernández López in Vigo (after consulting among others by Valentín Paz Andrade - ) and was equipped from the start with the most modern equipment, in particular, was still extraordinary factory ships. Since 1980 it is under the management of his son, Manuel Fernández de Sousa -Faro. In 1985 it was listed on the Madrid Stock Exchange company operates through numerous subsidiaries in around 20 countries, with processing facilities in Spain, Portugal, Namibia, Nicaragua, Honduras, Chile ( salmon), Ecuador ( shrimp ) and other states.

On April 15, 2013 was forced to declare bankruptcy Pescanova after had financial problems for some time now and finally irregularities in the accounting department (higher debt than in the books reported ) were revealed. In addition, the company boss admitted significant share sales that had not been reported to the Securities and Exchange Commission.

Among the major investors of expertise range from the founding family, for example, the Spanish brewer Damm ( Estrella Damm) and the Luxembourg private equity fund Luxempart.