|Bid||0.028 x 588000|
|Ask||0.029 x 620000|
|Day's Range||0.028 - 0.030|
|52 Week Range||0.025 - 0.969|
|PE Ratio (TTM)||-0.02|
|Earnings Date||Nov 13, 2017 - Nov 17, 2017|
|Forward Dividend & Yield||0.00 (0.00%)|
|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.
Rating Action: Moody's affirms Atlantica Yield's B1 CFR; outlook changed to stable. Global Credit Research- 31 Mar 2017. Approximately USD250 million rated debt impacted.
Rating Action: Moody's withdraws Abengoa's ratings. Global Credit Research- 21 Mar 2017. Frankfurt am Main, March 21, 2017-- Moody's Investors Service, has withdrawn all the ratings of Abengoa S.A., including ...
A leading U.S. subsidiary of Abengoa SA received U.S. court approval to exit its Chapter 11 bankruptcy, according to court records filed on Wednesday, putting the Spanish renewable energy group closer to achieving a global debt-cutting plan. Abeinsa Holding Inc was one of dozens of U.S. Abengoa subsidiaries that filed for U.S. bankruptcy protection while the Seville-based parent worked out a high-stakes plan to cut $10 billion of debt and avoid its own bankruptcy in Spain.
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.
Spanish renewable energy and engineering firm Abengoa SA has asked a U.S. bankruptcy court to enjoin legal action and future claims by creditors who are unsatisfied with a high-stakes plan to restructure $10 billion of debt. Abengoa, a Sevilla-based company with a global renewable energy footprint, put its U.S. subsidiaries in Chapter 11 protection this year and filed for Chapter 15 protection from creditors of non-U.S. businesses while it thrashed out a refinancing deal to avoid becoming Spain's largest-ever corporate failure. Last month the vast majority of Abengoa's international creditors signed on to its so-called master restructuring agreement, which will give creditors equity in exchange for debt.
A Spanish court on Tuesday said it had signed off on the debt restructuring plan of Spanish renewable energy and engineering firm Abengoa which should allow the company to avoid bankruptcy. The company ...
Creditors of a bankrupt U.S. subsidiary of Abengoa SA demanded more details on the unit's financial accounts on Thursday, even as a bankruptcy judge said the company could move forward with its plan to exit Chapter 11 protection. Abeinsa Holding Inc is one of several U.S. subsidiaries of the Spanish company Abengoa that filed for Chapter 11 this year while the Seville-based renewable energy and engineering group negotiated a high-stakes plan to avoid its own bankruptcy. The U.S. bankruptcies have been clouded by creditor complaints that the parent drained its foreign businesses of cash and assets, prompting demands for disclosure of financial documents and records of intercompany transactions.
A U.S. judge on Tuesday ordered the bankrupt U.S. subsidiaries of renewable energy company Abengoa SA to disclose their dealings with their Spanish parent, which was accused of draining cash from the U.S. units. Creditors of Abengoa units Abengoa Bioenergy US Holding LLC and Abeinsa Holding Inc, which both filed for bankruptcy this year, have said in court filings that the U.S. businesses were transferring cash and assets to the parent in Spain.
Renewable energy firm Abengoa is on track for the 75 percent creditor approval needed for its restructuring plan and avoid filing for Spain's biggest ever bankruptcy, a source with knowledge of the deal said on Tuesday. The Seville-based company borrowed too heavily over the past 10 years to fund an expansion into clean energy and has been negotiating with lenders since November to cut debts of more than 9 billion euros ($10 billion). Abengoa is unlikely to be able to confirm the acceptance levels until much later on Tuesday, the deadline it set for creditors to agree to the plan, the source said.
A bankrupt U.S. subsidiary of Spanish renewable energy company Abengoa SA disclosed on Monday how much money creditors will recover under its plan to exit Chapter 11 while questions loomed over its parent's race to avoid its own bankruptcy in Spain. Abengoa, under strain after an aggressive global expansion into clean energy, needs support from 75 percent of its international creditors for a deal to restructure $10 billion of debt by Tuesday. If it fails, the company could become Spain's largest ever corporate failure.