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Spain's Abengoa Asks For Loan Of Up To 750 Million Euros

Spanish Abengoa has asked its creditors for a loan of up to 750 million euros ($843 million) to keep it afloat while its lenders discuss a financial plan to avoid it becoming Spain's biggest bankruptcy, a source close to the talks said. "Abengo ...

Daily Headline - global.abi.org - 02/10/2016 - 20:09 - 0 comments

Abengoa, Creditors To Start Talks On Viability Plan On Wednesday

Spanish energy and engineering firm Abengoa will present its long-awaited viability plan to creditors on Wednesday in a bid to avoid becoming Spain's biggest bankruptcy, three sources familiar with the matter said on Tuesday. The Seville-based compa ...

Daily Headline - global.abi.org - 02/02/2016 - 21:12 - 0 comments

Princess Cristina of Spain Loses Bid to Avoid Tax-Fraud Trial

Princess Cristina of Spain will face tax fraud charges next month after a court rejected a final attempt by her lawyers on Friday to exempt her from a corruption case that has badly damaged the reputation of Spain’s monarchy, the International New York ...

Daily Headline - global.abi.org - 01/31/2016 - 18:27 - 0 comments

Spanish Supreme Court Orders Bankia to Repay 2 Investors in Its I.P.O.

The Spanish Supreme Court ordered Bankia on Wednesday to reimburse two small investors for misleading them during its 2011 initial public offering, the International New York Times reported. Under the ruling Bankia must pay one investor nearly 10,000 ...

Daily Headline - global.abi.org - 01/27/2016 - 20:47 - 0 comments

New Cash Crunch Looms For Abengoa As Viability Plan Discussed

Spain's Abengoa needs 90 million euros within 10 days and 500 million euros by March 28 to avoid going bust, a source familiar with the matter said, a number that more than doubles initial calculations and raises new doubts over its survival, Reuter ...

Daily Headline - global.abi.org - 01/21/2016 - 20:52 - 0 comments

Wind Generators Look To Take Over Abengoa Brazil Transmission Lines

Power companies with wind-generation capacity could take over transmission line projects in Brazil operated by Abengoa SA after the Spanish construction group's insolvency filing halted work on the systems, Reuters reported. Candidates include group ...

Daily Headline - global.abi.org - 01/19/2016 - 19:29 - 0 comments

Spain’s Princess Cristina Goes on Trial

The long-awaited trial of Spain’s Princess Cristina de Borbón and her husband on tax-fraud charges opened Monday, presenting a challenge for King Felipe VI as he tries to rebuild the monarchy’s prestige and assert its influence in the country’s unsettled ...

Daily Headline - global.abi.org - 01/11/2016 - 22:24 - 0 comments

Spain And Ireland Post Steep Falls In Joblessness

The number of registered unemployed workers in Spain has seen the biggest drop for at least a decade while joblessness in Ireland has hit its lowest level since 2008, when the country was about to enter a prolonged financial crisis, the Financial Times ...

Daily Headline - global.abi.org - 01/05/2016 - 22:37 - 0 comments

Spain's Abengoa Seeks to Sell Stalled Brazil Projects

Spain's multinational Abengoa SA said on Wednesday it is seeking buyers to revive transmission-line and other construction projects in Brazil that the company had suspended after filing for creditor protection in Spanish courts, Reuters reported yes ...

Daily Headline - abi_admin - 12/31/2015 - 14:00 - 0 comments

Abengoa Hopes for Agreement with Creditors Before End-March Deadline

Abengoa, the Spanish company trying to avert becoming the country's biggest-ever bankruptcy, said today it hoped to reach agreement with creditors before a legal deadline of March 28, Reuters reported. Abengoa said it currently had 39.5 percent of t ...

Daily Headline - abi_admin - 12/30/2015 - 14:05 - 0 comments

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