Spain giant abenge present a recovery plan to avoid bankruptcy

Polaris solar PV net news: according to people familiar with the matter said on February 3 in order to avoid bankruptcy, Spain troubled renewable energy giant abenge to its main creditor banks to come up with a recovery plan.


Spain giant abenge present a recovery plan to avoid bankruptcy

Plan approved last month by the abenge the Board needs to sell assets of biofuels. The assets in revenue last year from 2014 to reduce 1/3.

News, abenge will accept banks, bond holders and the consulting firm of KPMG Audit review.

After consulting the main creditor bank, KPMG will be discussed this recovery plan, and give an overall solution in the 10-15 days.

As Spain one of the leader in the field of sustainable energy, abenge have been racing against time to avoid Spain one of the biggest bankruptcy to date.

In November 2014, A Ben younger groups apply for protection from creditors until March 2015 to find solutions to at least 9 billion euro debt.

Original title: Spain abenge present a recovery plan to avoid bankruptcy

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