pescanova

Abengoa: Another Story Of Sudden Insolvency

Fernando Barciela | Throughout this current year, 99 companies across the world have defaulted, the second highest figure in the decade after the 2009 crisis, according to S&P. Spanish firm Abengoa could be added to the list.


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Pescanova and the vermin of corruption

LONDON & VIGO | By Víctor Jiménez | Chairman Juan Manuel Urgoiti recently called on partners involved in Pescanova’s rescue bargaining to avoid liquidation in a public, desperate letter addressed to shareholders, workers, creditors and ‘the wider market’. But secretly, many more operators in the industry would have not felt it as far-reached if he had included among the receivers a few ancient Greek gods, whose very human moods used to govern haphazard and catastrophe over the Old World.