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Timothy Smith

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Timothy Smith

Re: Johnnycash2013 post# 9

Friday, 09/04/2015 10:14:39 AM

Friday, September 04, 2015 10:14:39 AM

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Abengoa (ABGB +5.1%) is working with financial advisory firm Lazard to find investors for its planned capital increase, and may also consider debt restructuring in the future, according to a Bloomberg report.

The company said last month that it is seeking to raise €650M ($724M) of capital and dispose of €500M of assets.

ABGB also is said to be considering selling part of its stake in Abengoa Yield (ABY -2.7%), in which it holds a 49% stake worth more than $1B.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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