Spanish seafood firm Pescanova has revealed that it is to buy out 100% of co-patriot ship-owning company Pesquera Vasco Gallega in order to obtain hake quotas in Argentina.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The price of the deal was not disclosed.


Vigo-based Pesquera Vasco Gallega, which operates three ships in Spain and two in Argentina, will retain its name and its president, Alejandro Hernandez Eraso, subsequent to the deal.


Pescanova owns Argentine ship-owner Argenova, which has 12 ships fishing prawn and cod. Pescanova aims to obtain quotas in hake.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now