MADRIDRenewable-energy and engineering company Abengoa SA said Tuesday it expects at least 75% of creditors to approve its restructuring plan by Sept. 30, a key hurdle for the company as it aims to stave off what would be Spains largest-ever corporate bankruptcy.
Abengoa said in a regulatory filing that it expects to implement the final restructuring agreement by Sept. 30.
Still, the Seville, Spain-based company cautioned that it doesnt have definitive figures yet on what percentage of creditors will accept the deal. Abengoa said it continues working towards gaining sufficient creditor support. Spanish bankruptcy law require…
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