Affiliate of Spain's Abengoa files for U.S. bankruptcy

February 24, 2016 8:27 PM

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Affiliate of Spain's Abengoa files for U.S. bankruptcy

WILMINGTON, Del. An affiliate of Spain's troubled Abengoa SA (ABG.MC) filed for U.S. Chapter 11 bankruptcy on Wednesday, saying in court documents it had up to $10 billion in both liabilities and assets.

The filing by Abengoa Bioenergy US Holding LLC was prompted by two involuntary bankruptcy petitions earlier this month by suppliers who alleged they were owed more than $4 million.

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