Spain

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Abengoa's U.S. Unit, Holdout Creditor Spar Over Bankruptcy Plan

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, Re ...

Daily Headline - global.abi.org - 12/06/2016 - 22:54 - 0 comments

U.S. Watchdog Says Abengoa Unit's Reorganization Violates Law

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, Reuters report ...

Daily Headline - global.abi.org - 12/01/2016 - 22:26 - 0 comments

Cristiano Ronaldo Accused Of Using Dublin To Avoid Spanish Taxes

A German MEP has accused Ireland of “tax dumping” after it was revealed that Real Madrid football star Cristiano Ronaldo has used an Irish company for many of his commercial contracts, instead of a company in higher-tax Spain, the Irish Times reporte ...

Daily Headline - global.abi.org - 12/01/2016 - 22:26 - 0 comments

Abengoa Asks U.S. Court To Prevent Lawsuits By Rebel Creditors

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, Reuters reported. Abengoa, a ...

Daily Headline - global.abi.org - 11/21/2016 - 20:59 - 0 comments

Spain's Abengoa Posts 9-Month Profit Loss Of 5.4 Billion Euros

Spanish energy firm Abengoa reported a nine-month net loss of 5.4 billion euros ($5.80 billion) on Monday, the week after a court signed off on its debt restructuring plan which should allow it to avoid bankruptcy, Reuters reported. The Seville-based com ...

Daily Headline - global.abi.org - 11/14/2016 - 21:03 - 0 comments

Spanish Unemployment Rate Below 20% For First Time In 6 Years

Spain’s unemployment rate has fallen below 20 per cent for the first time in six years, as the country’s economic recovery continues to power ahead despite 10 months of political deadlock and government drift, the Financial Times reported. According ...

Daily Headline - global.abi.org - 10/27/2016 - 20:06 - 0 comments

Spain's Abengoa Nearing Creditor Approval For Debt Plan

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 bor ...

Daily Headline - global.abi.org - 10/25/2016 - 18:12 - 0 comments

Nueva Pescanova Sues Pescanova Over Restructuring Agreement

Representatives of Nueva Pescanova, the successor firm to the troubled Spanish fishing giant, have sued the old company, Pescanova S.A., alleging breaches of securities law, a regulatory filing indicates. Nueva Pescanova specifically alleges that during ...

Daily Headline - global.abi.org - 10/17/2016 - 21:03 - 0 comments

Centuries-Old Spanish Tapestry Factory Saved From Bankruptcy

A centuries-old tapestry factory in Spain has come back from the brink of bankruptcy after an injection of public money, a debt restructuring plan and its biggest order in 200 years - a German commission for dozens of tapestries. The turnaround of the 29 ...

Daily Headline - global.abi.org - 10/13/2016 - 21:27 - 0 comments

Telefonica’s Debt-Reduction Plans Slowed by Failed Telxius IPO

Telefonica SA’s efforts to reduce its debt pile suffered a new blow after the Spanish carrier was forced to scrap the initial public offering of its infrastructure unit, Telxius Telecom SA, as demand from investors proved inadequate, Bloomberg News repor ...

Daily Headline - abi_admin - 09/30/2016 - 13:43 - 0 comments

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