(Adds Abengoa comment, details on staff, state of play of
negotiations with creditors)
By Julien Toyer and Jose Elías Rodríguez
MADRID Feb 26 Indebted Spanish energy firm
Abengoa, on the brink of becoming the country’s
largest ever bankruptcy, does not have enough cash to pay
February wages, its chairman told local employees in an emailed
letter on Friday.
According to the document, seen by Reuters, Jose Abascal
also said negotiations between the firm and creditors over a
wide-ranging refinancing deal were close to the finish line and
he hoped the situation could be resolved “in the next days.”
An Abengoa spokeswoman declined to comment.
“Unfortunately the efforts Abengoa is carrying out to try
and obtain the necessary liqu…
Read the full article at: http://uk.reuters.com/article/abengoa-liquidity-idUKL8N1653ZL