Abanca has approved a capital injection of 279 million euros into Nueva Pescanova as part of a capital increase of up to 283 million euros. The transaction aims to strengthen the company’s financial structure and lay the groundwork for a new phase of industrial and commercial development.
A key step toward financial stability
The Nueva Pescanova Group has announced a capital increase of 283 million euros, of which 279 million will be contributed by its main shareholder, Abanca. The transaction, approved by the board of directors on April 30, is expected to be ratified at the general meeting scheduled for May 20.
This injection will strengthen the company’s equity and consolidate its financial structure following several years marked by high levels of debt.
Deleveraging and market access
The main objective of the transaction is to reduce financial costs and bring the leverage ratio below four times, thereby facilitating access to capital markets.
According to the company, this move “lays the groundwork for a new phase of development and investment” by improving its financing capacity and strengthening its position in the global fishing industry.
In addition, minority shareholders will be able to participate in the capital increase to maintain their stake, while Abanca is expected to retain majority control of the capital, at approximately 98.6%.
The transaction is supported by the company’s positive business performance. In 2025, Nueva Pescanova returned to profitability, posting a net profit of 1.1 million euros, following several years of losses.
In addition, the group posted EBITDA of €71.2 million, an increase of more than 50%, and exceeded €1.05 billion in sales, consolidating its operational recovery.
This positive trend has continued into the first few months of 2026, prompting the decision to strengthen the company to tackle new growth initiatives.
A New Phase of Growth and Investment
The expansion marks the third major capital transaction since 2021 and is part of a strategy to gradually strengthen the balance sheet.
With a stronger financial structure, Nueva Pescanova aims to strengthen its international competitiveness, boost its production capacity, and advance innovation and sustainability initiatives within the maritime and food sectors.