|Bid||0.011 x 898600|
|Ask||0.012 x 9217200|
|Day's Range||0.011 - 0.012|
|52 Week Range||0.010 - 0.317|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Brookfield Asset Management Inc. is in advanced talks to buy the 41.5 percent stake in Atlantica Yield Plc held by Abengoa SA as the beleaguered Spanish solar-energy company seeks to cut debt, according ...
Abengoa Bioenergia Brasil SA became the latest Brazilian sugar and ethanol producer to file for bankruptcy protection following the country’s economic crisis and a slump in commodity prices.
Brazil's Mines and Energy Ministry has canceled nine licenses to build transmission lines that had been granted to Spain's Abengoa SA after the company abandoned construction works in 2015, a senior official said on Wednesday. The decision formalizing cancellation of the licenses was published in the Wednesday edition of the official gazette.
Brazil's electricity watchdog Aneel expects a further delay in the construction of 6,000 kilometers of power lines licensed to Abengoa SA, raising concern over the reliability of the country's grid as a massive new dam comes online, according to an internal document seen by Reuters. Abengoa halted construction of the transmission lines in 2015 amid a financial crisis at its headquarters in Spain which was followed by a bankruptcy filing at its units operating in Brazil.
A U.S. judge has agreed to halt U.S. creditor lawsuits against Abengoa SA, an international renewable energy company that has been waging a multi-layer battle for more than a year to avoid becoming Spain's largest ever corporate failure. A ruling on a more contentious dispute involving the Seville-based company's bankrupt U.S. subsidiary and a failed power plant is still pending. The company put its U.S. subsidiaries in Chapter 11 bankruptcy and filed for Chapter 15 protection from creditors of non-U.S. businesses earlier this year while it thrashed out a $10 billion global debt restructuring deal in Spain.
WILMINGTON, Del./CHICAGO, Dec 6 (Reuters) - A U.S. subsidiary of Spanish renewable energy firm Abengoa SA pressed a judge on Tuesday to approve its plan to exit bankruptcy over objections from a holdout creditor, who said the plan violated U.S. law by favoring the company's foreign parent. After more than three hours of testimony and arguments, U.S. Bankruptcy Judge Kevin Carey in Wilmington, Delaware, said he wanted additional written submissions from the parties. Abeinsa Holding Inc is one of dozens of global Abengoa subsidiaries that filed for U.S. Chapter 11 and 15 bankruptcy this year while their Seville-based parent thrashed out a debt restructuring deal in Spain to avoid its own bankruptcy.
WILMINGTON, Del./CHICAGO, Dec 6 (Reuters) - A leading U.S. subsidiary of Abengoa SA heads to court on Tuesday to seek approval for a bankruptcy exit plan that opponents argue violates the law by prioritizing the Spanish parent and its international backers ahead of U.S. creditors. Abeinsa Holding Inc is one of dozens of global Abengoa subsidiaries that filed for U.S. Chapter 11 and 15 bankruptcy this year while their Seville-based renewable energy parent thrashed out a debt restructuring deal in Spain to avoid its own bankruptcy. The U.S. subsidiaries, which range from small ethanol plants to construction and engineering firms like Abeinsa, were guarantors of $10 billion of debt held by the parent, creating one of the most complex cross-border restructurings of the past decade.
A Chapter 11 bankruptcy exit plan by Abengoa SA's main U.S. subsidiary, Abeinsa Holding Inc, violates the law by shielding the Spanish renewable energy parent from lawsuits, according to the U.S. government's bankruptcy watchdog. The objection by the U.S. Trustee, which typically oversees the administration of bankruptcy cases and polices them for conflicts, threatens to derail Abengoa's high-stakes debt restructuring plan to avoid its own bankruptcy in Spain. Abengoa, a renewable and engineering company with a global footprint, has already received approval from its shareholders and a Spanish court to cut $10 billion of debt, but parts of the complex plan hinge on the successful reorganization of its U.S. subsidiaries.