Abengoa expelled from Ibex 35 after stock market crash
The company, which employs more than 28,000 people – 5500 in Spain– and is present in 80 countries, faces the biggest bankruptcy case of the Spanish corporate history. Creditor banks are seeking for a new buyer that would save the company’s critical situation by injecting more than 350 million euros.
After losing more than half its stock market value, a 52.07 % , Abengoa has been expelled from the Ibex 35. The crash came after Gestamp’s decision to abandon its investment plans. The Andalusia group has a debt of 8.903 million.
The company, which employs more than 28,000 people – 5500 in Spain– and is present in 80 countries, faces the biggest bankruptcy case of the Spanish corporate history. Creditor banks are seeking for a new buyer that would save the company’s critical situation by injecting more than 350 million euros.
