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Abengoa heads to the scrapyard after Sepi rejects its rescue

Abengoa's crisis, now under judicial administration for being in bankruptcy, is experiencing a decisive moment after Sepi informed the company on Tuesday that it is not eligible to receive aid of 249 million euros.

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Abengoa heads to the scrapyard after Sepi rejects its rescue

Abengoa's crisis, now under judicial administration for being in bankruptcy, is experiencing a decisive moment after Sepi informed the company on Tuesday that it is not eligible to receive aid of 249 million euros.

The file declaring the non-eligibility of the rescue was sent to Abengoa on Tuesday afternoon, a few hours after the Ministry of Industry informed the workers that it was finalizing the term sheet favorable to the rescue, according to a source.

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