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Abengoa yields to Andalusia and extends its possible rescue until 12 November

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Abengoa he knows that his current situation is critical, and has not hesitated to extend once again the deadline for his rescue by the Junta de Andalucía. The Sevillian now gives him until November 12 (and not until November 6), but warns that this delay "significantly impairs business continuity."

From the group they point out that the objective of this new postponement is none other than "to give an additional period of time for the Junta de Andalucía to provide the aforementioned commitment of financial support, The only condition that does not depend on the group and that is still pending today. "

Abengoa concludes its statement, sent through a relevant event to the CNMV, that "if it arrives on November 12, 2020, there is no certainty as to the possibility of proceeding with said closure in the following days, the Board of Abengoa Administration, taking into account that the viability of the group will be seriously compromised and, in accordance with its fiduciary duties, will make the decisions that correspond to it, in accordance with its fiduciary duties, to protect the interests of Abengoa and all of its stakeholders ".

The company thus reiterates its message that the viability of the group may be compromised if the situation is prolonged and that rescue of 20 million euros does not arrive.

. (tagsToTranslate) Abengoa (t) cedes (t) to (t) Andalucía (t) lengthens (t) until (t) November (t) possible (t) redemption (t) Category: All (t) Category: Market Report (t) Category: Company News (t) Category: Pulsos (t) Category: Market Pulse (t) Category: Sectorial: Industrial Services



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