November 25, 2015 / 8:10 AM / 4 years ago

Abengoa begins insolvency proceedings after failed accord with Gonvarri

MADRID, Nov 25 (Reuters) - Spain’s Abengoa said on Wednesday it has started talks with creditors on insolvency proceedings after investors Gonvarri backed away from a plan to inject around 350 million euros ($374 million) in to the company.

Trading in Abengoa was suspended by the stock market regulator until 1000 GMT. ($1 = 0.9369 euros) (Reporting by Robert Hetz; Writing by Paul Day)

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