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Creditors refuse to extend deadline on restructuring talks Regional government says it is unable to help (Updates with bankruptcy request) MADRID, Feb 22 (Reuters) - Spanish engineering and renewables company Abengoa said on Monday it had decided to voluntarily request to start the bankruptcy process after its creditors refused to extend a deadline for negotiating a restructuring agreement. A proposed restructuring to tackle Abengoa’s 6 billion euro ($7.30 billion) debt mountain has unravelled since the regional government of Andalusia withdrew an offer of 20 million euros in funding as part of the overall deal. “The Board of Directors . remains committed to seeking alternatives to avoid the non-viability of the subsidiaries that carry out the group’s activity and, thereby, preserve jobs and try to minimize the loss of value,” Abengoa said in a statement to the Spanish stock regulator. ....
Últimas noticias sobre Abengoa cadenaser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cadenaser.com Daily Mail and Mail on Sunday newspapers.
NOTICIAS ABENGOA - Abengoa celebrará la junta el 4 de marzo para nombrar a Clemente Fernández lainformacion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lainformacion.com Daily Mail and Mail on Sunday newspapers.
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