An investment consortium to acquire a 70% stake in Abenewco1 from Abengoa for €200m.

An investment consortium offered to acquire a 70% stake in Abenewco1, the holding company of Spanish engineering and energy group Abengoa, for €200m. The offer, led by Caabsa, a Mexican infrastructure group, and EPI/Ultramar oil and gas firm, consists of an injection of €135m in loans and €65m in financial instruments in the subsidiary Abenewco 1. Abenewco1, which holds most of its parent company’s assets and liabilities and employs most of the group’s 13,5k workers, was not part of the insolvency proceedings.