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Abengoa subsidiary's creditors agree restructuring plan

By Jordan Fermanis

03 February 2020

Abengoa subsidiary's creditors agree restructuring plan Seville / shutterstock/seanpavone

Creditors of Simosa IT, a subsidiary of Spanish renewable energy group Abengoa, have narrowly agreed a restructuring plan for the company, just over a year after it became the first Abengoa entity to enter creditor-forced insolvency proceedings.