Spain's Abengoa to raise 450 million euros with U.S. share offer

MADRID Thu Oct 17, 2013 1:45am EDT

MADRID Oct 17 (Reuters) - Spanish renewable energy and engineering firm Abengoa will raise 450 million euros ($607 million) by issuing shares on the Nasdaq stock exchange, the company said in a statement released on Thursday by Spain's market regulator.

Abengoa, which had initially hoped to raise 385 million euros through the operation, will issue 250 million new shares at a price of 1.8 euros each, it also said.

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