Abengoa doesn’t yet have creditor approval of restructuring plan but aiming for Sept. 30

August 16, 2016 |

In Spain, Abengoa says it expects to receive approval of its restructuring plan by 75% of creditors by September 30 to comply with Spain’s bankruptcy rules but the company is still working towards getting enough support for the deal. Positive cash flow is then expected by the end of 2017, in part thanks to asset sales such as divesting its various ethanol plants around the world, if the approval is in place by the end of next month.

Abengoa: The Digest’s 2015 5 Minute Guide

Category: Fuels

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