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Abengoa SA Obtains Required Consent From Befesa SA's Bondholders To Proceed With Sale To Triton Partners-Reuters


Monday, 13 May 2013 10:28am EDT 

Reuters reported that Abengoa SA announced that the required authorizations, undertaken with Befesa SA´s bondholders, in order to facilitate the sale of Befesa Medioambiente to funds advised by Triton Partners, were successful. All consents and authorizations, necessary to approve some amendments and to waive certain provisions governing Befesa SA´s bond, were obtained by the majority of the bondholders of the outstanding notes. These approvals were a key requirement to proceed with the sale, announced on April 18, 2013. The transaction now is subject to finalization of documentation, as well as customary regulatory and financing approvals. 

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