Pescanova SA is a Spain-based company primarily engaged, through its subsidiaries, in the fishing industry. The Company comprises the farming, capturing, cleaning, cutting, freezing, processing and packaging onboard factory-ships, as well as the transport, distribution and marketing of a variety of fish products. The Company�s activities are structured in three business areas: Wild Catch, where fish and shellfish are processed and frozen immediately after being caught; Farmed Fish, mainly involved in aquaculture operations and the development of technology for the fishing activities, and Food Products, which offers deep-frozen fish and shellfish products. The Company is a parent of Grupo Pescanova, a group which comprises a number of controlled entities with operations established worldwide. As of December 31, 2011, Sociedad Anonima de Desarrollo y Control (SODESCO) was its major shareholder with 14.82% of its interest. In March 2013, the Company entered bankruptcy proceedings.