(Recasts with increase to debt, adds details, background)
MADRID Feb 29 Spain’s Abengoa, on
the brink of becoming the country’s largest-ever bankruptcy,
said on Monday its debt had risen by 492 million euros ($535.39
million) in 2015’s fourth quarter as it posted a full-year net
loss of 1.2 billion euros.
The energy firm, which is racing to reach an agreement with
its banks and bondholders, said its gross corporate debt at the
end of 2015 totalled 9.395 billion euros, up from 8.903 billion
euros at the end of September.
The Seville-based firm faces a full-blown insolvency process
if it fails to agree on a wide-ranging debt restructuring with
creditors by March 28.
The company has already received emergen…
Read the full article at: http://uk.reuters.com/article/abengoa-results-idUKL8N1686T7