A tower
belonging to the Abengoa solar plant is seen at the “Solucar”
solar park in Sanlucar la Mayor, southern
Spain
Thomson
Reuters
By Tracy Rucinski
CHICAGO (Reuters) – A leading bankrupt subsidiary of Abengoa SA
won U.S. court approval on Wednesday to join a $10 billion
debt-restructuring agreement in Spain, a week before a deadline
for the renewable energy firm to secure creditor support for the
plan.
Abengoa, with a global renewable energy footprint, filed for
pre-bankruptcy in November in Spain, and will become the largest
Spanish corporate failure ever unless 75 percent of its creditors
approve a wide-ranging restructuring deal…
Read the full article at: http://www.businessinsider.com/r-abengoa-unit-wins-us-court-nod-to-join-restructuring-plan-2016-10