Abengoa’s unit seeks more time for Chapter 11 plan

Bankrupt Spanish renewable energy company Abengoa SA‘s subsidiary was seeking court approval for more time to control its restructuring case, saying that it was not currently in position to fully evaluate claims against it or prepare a reorganization plan.

Abengoa Bioenergy US Holding LLC said in court papers it needs a 120-day extension to its exclusivity period to give it until 21 October 2016 to file a reorganization plan.

Source: Reuters

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