- Reuters•2 years ago
* Norwegian salmon prices seen falling 10 percent * Dairy firms halt production destined for Russia LONDON, Aug 8 (Reuters) - European dairy firms halted production of cheese and butter destined for Russia and Norwegian salmon prices fell, as a wide array of small fresh food producers felt the first impact from Moscow's tit for tat ban on their goods. Russia stopped imports of most food from the West on Thursday in retaliation for U.S. and EU sanctions imposed over Russia's actions in Ukraine.
- Bloomberg•2 years ago
Pescanova SA (PVA) is seeking to extend a deadline for a creditor vote on the Spanish fishing company’s restructuring, according to a person familiar with the situation. A bankruptcy court judge may rule today whether to delay voting until April 30 in response to a request from the Spanish fishing company that cited a delay in producing an English language version of debt plans. Some of Pescanova’s creditor banks don’t back the restructuring plan from shareholders and instead they presented an alternative offer this month, which would give them control of the company if it enters liquidation. Last week representatives of Pescanova and Damm held talks with lenders Banco Bilbao Vizcaya Argentaria SA, Banco Popular Espanol SA, Banco Sabadell SA, CaixaBank SA, NCG Banco SA and Unione di Banche Italiane SCPA.
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