Abengoa Has Fire Liquidation Sale to Reduce Debt before Banks and Bondholders Swoop In

SUGAR LAND--January 26, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Abengoa S.A. (NASDAQ:ABGB) (Seville, Spain) has launched the sale of its biofuel technology subsidiary, Abengoa Bioenergy S.A., for $1 billion in hopes of raising 90 million euros by the end of January and 500 million euros by March 28 to avoid going bust. Within this article: Detail's the company's recent history of closings and layoffs in order to focus more on its engineering and construction businesses.