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Abengoa SA (ABG.MC)

ABG.MC on Madrid SE C.A.T.S.

0.03EUR
8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Abengoa Wins Interconnection Works Deal For Wind Farm In Argentina‍​
Monday, 27 Nov 2017 06:25am EST 

Nov 27 (Reuters) - ABENGOA SA ::SAYS WINS DEAL FROM ALUAR FOR ELECTROMECHANICAL INSTALLATION OF A SUBSTATION FOR A WIND FARM IN ARGENTINA.  Full Article

Abengoa 9-month net result turns to profit of 4.73 bln euros YoY
Tuesday, 14 Nov 2017 02:30am EST 

Nov 14 (Reuters) - ABENGOA SA ::9-MONTH NET PROFIT 4.73 BILLION EUROS VERSUS LOSS 5.41 BILLION EUROS YEAR AGO.SAYS NET RESULT MAINLY DRIVEN BY ONE-OFF ADJUSTMENTS OF FINANCIAL RESTRUCTURING FINALIZED IN MARCH.9-MONTH REVENUE 1.10 BILLION EUROS VERSUS 1.04 BILLION EUROS YEAR AGO.9-MONTH POSITIVE EBITDA 69 MILLION EUROS VERSUS NEGATIVE 90 MILLION EUROS YEAR AGO.  Full Article

Abengoa to sell 25 pct of Atlantica Yield with capital gain of about 96 mln euros
Thursday, 2 Nov 2017 02:11am EDT 

Nov 2 (Reuters) - ABENGOA SA ::SAID ON WEDNESDAY IT HAD ENTERED INTO A DEAL WITH ALGONQUIN POWER & UTILITIES CORP FOR THE SALE OF A 25 PERCENT STAKE IN ATLANTICA YIELD (AY).THE AGREED PURCHASE PRICE OF $24.25 PER SHARE IS SUBJECT TO CERTAIN DEDUCTIONS INCLUDED IN THE AGREEMENT AS WELL AS TRANSACTION COSTS.THE CAPITAL GAIN WILL BE EFFECTIVE UPON CLOSING THE TRANSACTION, WITH AN ESTIMATED AMOUNT OF ABOUT 96 MILLION EUROS.THE PARTIES ALSO AGREED AN EARN-OUT MECHANISM BY WHICH ABENGOA WILL BENEFIT FROM 30 PERCENT OF THE FIRST $2.00 OF ATLANTICA YIELD'S SHARE PRICE REVALUATION, IMPLYING A MAXIMUM ADDITIONAL AMOUNT OF $0.60 PER SHARE.THE EARN-OUT STRUCTURE WILL BE TRIGGERED ON THE FIRST ANNIVERSARY OF THE CLOSING OF THE TRANSACTION.ABENGOA ALSO GRANTED THE PURCHASER AN OPTION TO ACQUIRE THE REMAINING 16.5 PERCENT OF THE COMPANY'S STAKE IN AY UNDER THE SAME CONDITIONS AND AT THE SAME PRICE AND A RIGHT OF FIRST REFUSAL TO BE EXERCISED DURING THE FIRST QUARTER OF 2018.ABENGOA AND ALGONQUIN ENTERED INTO A MEMORANDUM OF UNDERSTANDING TO JOINTLY INCORPORATE A GLOBAL UTILITY INFRASTRUCTURE COMPANY .  Full Article

Algonquin Power to buy 25 pct stake in Atlantica from Abengoa
Wednesday, 1 Nov 2017 05:24pm EDT 

Nov 1 (Reuters) - Abengoa Sa :Algonquin Power & Utilities - ‍entered agreement to buy from Abengoa 25% equity interest in atlantica yield for a total purchase price of about $608 million​.Algonquin Power & Utilities Corp says ‍investment in Atlantica is expected to be immediately accretive​.Algonquin power & utilities corp says deal will be partially financed through concurrent bought deal $500 million common equity offering of apuc shares​.  Full Article

Abengoa to expand three high voltage substations in Chile
Monday, 30 Oct 2017 07:11am EDT 

Oct 30 (Reuters) - ABENGOA SA ::SAYS TO EXPAND THREE HIGH VOLTAGE SUBSTATIONS AND UPGRADE TWO TRANSMISSION LINES FOR CHILQUINTA ENERGIA IN CHILE.  Full Article

Brookfield is said to discuss buying Abengoa's Altantica stake- Bloomberg
Thursday, 5 Oct 2017 01:47pm EDT 

Oct 5 (Reuters) - :Brookfield is said to discuss buying Abengoa Sa's 41.5 percent stake in its U.S.-traded unit Atlantica Yield Plc- Bloomberg,citing sources.  Full Article

Abengoa EBITDA turns positive in H1
Thursday, 28 Sep 2017 01:39am EDT 

Sept 28 (Reuters) - AGENGOA SA ::ANNOUNCED ON WEDNESDAY H1 NET PROFIT OF 4.91 BILLION EUROS, MAINLY DRIVEN BY ONE-OFF ADJUSTMENTS OF ITS FINANCIAL RESTRUCTURING, VERSUS LOSS OF 3.69 BILLION EUROS YEAR AGO.H1 POSITIVE EBITDA 16 MILLION EUROS VERSUS NEGATIVE 59 MILLION EUROS YEAR AGO.H1 EBITDA WOULD HAVE REACHED 117 MILLION EUROS EXCLUDING ONE-OFF COSTS.H1 NET SALES 691.4 MILLION EUROS VERSUS 687.8 MILLION EUROS YEAR AGO.NOMINAL VALUE OF EXCLUDED DEBT, CLAIMED BY CREDITORS WHO CHALLENGED RESTRUCTURING AGREEMENT, AMOUNTS TO ABOUT 72 MILLION EUROS.  Full Article

Abengoa to request clarification on court sentence, postpones conf call
Tuesday, 26 Sep 2017 09:36am EDT 

Sept 26 (Reuters) - ABENGOA SA ::SAYS RECEIVES SENTENCE FROM COURT ON CONTEST TO ITS REFINANCING AGREEMENT, TO REQUEST CLARIFICATION ON TREATMENT OF EXCLUDED DEBT.SAYS POSTPONES CONFERENCE CALL ON H1 RESULTS SCHEDULED FOR TODAY.  Full Article

Court gives sentence on Abengoa refinancing agreement contest
Tuesday, 26 Sep 2017 06:00am EDT 

Sept 26 (Reuters) - COMMERCIAL COURT OF SEVILLE::SAID ON MONDAY AGREED TO MAINTAIN APPROVAL OF ABENGOA REFINANCING AGREEMENT WITH ITS EFFECTS, EXCEPT FOR CREDITORS WHO DID NOT SIGN HOMOLOGATION AND CONTESTED IT.MAJORITY OF DISSENT CREDITORS ARE ENTITLED TO RECOVER THEIR INVESTMENT AS BEFORE HOMOLOGATION, WITHOUT BEING AFFECTED BY IT.  Full Article

Abengoa to develop two projects in space engineering sector
Wednesday, 20 Sep 2017 06:43am EDT 

Sept 20 (Reuters) - ABENGOA SA ::SAYS TO DEVELOP TWO PROJECTS IN SPACE SECTOR FOR EUROPEAN LAUNCH VEHICLE SPA AND AIRBUS DEFENCE AND SPACE.  Full Article