Abengoa presents its Business Plan and Financial Restructuring Proposal

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Abengoa presents its Business Plan and Financial Restructuring Proposal

Abengoa will hold a conference call on Wednesday, March 16th 2016 at 3:30 pm Madrid time, 9:30 am New York time, to provide all lenders with a general overview of the business plan and the proposed financial restructuring plan.

The company financial advisors are Alvarez & Marsal and Lazard, while the creditors’ financial advisors are KPMG and Houlihan Lokey.

The company has recently reported that the numbers to access its Business Plan and Financial Restructuring Proposal call are:

  • UK: +44 (0) 2070756543
  • USA: +18662866998

In November 2015 Abengoa initiated pre-insolvency proceedings after Gonvarri Steel Industries decided not to make a planned up to €350 million (US$389.5 million) investment in the company. The firm is currently protected under the Spanish Insolvency Law for up to four months.

List of country news

Country news

  • March 15, 2016

    Saeta Yield to acquire CSP assets in Spain

    The Board of Directors of Saeta Yield has approved the acquisition of two 49.9 MW solar thermal power plants from Bow Power, a subsidiary of ACS Group and Global Infrastructure Partners, for an amount of approximately US$132 million. Read more
  • March 03, 2016

    European investors to acquire a major wind farm portfolio in northern Spain

    Corporación Masaveu, through its investment arm Céfiro, has reached an agreement for the acquisition of Borawind wind assets from the London based Bridgepoint. Read more
  • February 25, 2016

    Iberdrola to invest €24 billion in 2016-2020

    According to the new Outlook presented on 24 February by Iberdrola, the company is to invest €24 billion (US$26.4 billion) in 2016 - 2020. Read more
  • February 23, 2016

    Cerberus acquires four Spanish wind farms

    Cerberus has acquired four Spanish wind farms with an estimated enterprise value of US$193 million advised by Farley & Williams. Read more
  • February 12, 2016

    KKR completes acquisition of Gestamp Solar and renames it

    Gestamp Solar, a global developer and operator of solar photovoltaic plants, has changed its name to X-ELIO following the completion of KKR’s acquisition of an 80% stake in the company. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.