Abengoa Mexico advances in the development of its viability plan

Abengoa Mexico has received a new court approval that allows the company to continue with the implementation of its business plan after the recent announcement of its debt restructuring.

After more than three years of litigation with some creditors, this resolution marks a new milestone in the recovery of the company in Mexico and the implementation of its business plan.

In addition to the court approval for the debt restructuring, this new legal decision allows the company to bring proceedings in order to ensure liquidity to meet its short and mid-term commitments.

Abengoa has been present in in the country for almost 40 years, developing projects in several sectors, including renewable and conventional power, and electricity transmission and distribution.

Source: Abengoa