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Share Redondela, Pontevedra, Spain-based Nueva Pescanova is seeking permission from its creditors to conduct a capital increase, in the hopes of reducing its debt. The company will call a general meeting of shareholders with the goal of winning a majority vote in favor of a voluntary capital increase, which it said in a press release “would secure its viability in the short- and medium-term.” The company is still carrying EUR 643 million (USD 780 million) of the EUR 1 billion (USD 1.2 billion) in debt it inherited after it emerged from a messy bankruptcy procedure. That debt “damages both the bottom line, its cash flow, as well as the access to funding,” according to the company. ....