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Spain's Abengoa close to deal on capital hike - sources

Wed, 23rd Sep 2015 12:22

MADRID, Sept 23 (Reuters) - Spanish energy firm Abengoa is close to a deal with creditor banks onits planned 650 million euro ($725 million) capital raise, threesources with direct knowledge of the matter said on Wednesday.

Banks Santander, HSBC and Credit Agricole have accepted backing the share issue and otherlenders are expected to join the list, the sources said, addingthat "in the next few hours" Abengoa would call a shareholdersmeeting to approve the operation.

One of the sources said the main shareholder of the companyhad accepted an overhaul of the corporate structure and an issueof new shares at a lower price than it initially wanted, so asto come to an agreement after seven weeks of negotiations.

Abengoa and Santander declined to comment. HSBC and CreditAgricole were not immediately available to comment.($1 = 0.8965 euros) (Reporting by Julien Toyer, Carlos Ruano and Jose EliasRodriguez; Editing by Elisabeth O'Leary)

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