Abengoa Falls 69 Percent After Rescue Accord Fails

Corrected
  • Corrects percentage decline of shares in first paragraph
  • Company seeks creditor protection as investment deal fails

Abengoa SA’s B shares fell as much as 69 percent when trading resumed after the Spanish renewable energy company announced it would seek protection from creditors after a rescue accord fell through.

Shares fell 49 percent to 0.46 euros at 12.47 p.m. in Madrid.