30-09-2016 20:18 via news.yahoo.com

Spain's Abengoa posts 3.7-bn-euro first half loss

Spain's debt-laden energy giant Abengoa on Friday posted a 3.7-billion-euro ($4.2-billion) net loss in the first half of 2016, as it seeks to seal a deal with creditors to ward off bankruptcy. The world player in solar and wind power, biofuels and water management announced last year that it was filing for preliminary protection from creditors following years of frenzied, unsustainable expansion worldwide. The group now has until October 25 for creditors and investors to sign off on the deal, wh
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