Abengoa Falls 69 Percent After Rescue Accord Fails

  • 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.

(Corrects percentage decline of shares in first paragraph.)
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