The beleaguered Spanish green energy developer Abengoa SA has found a way to keep its creditors at bay and skirt bankruptcy, for now—by selling off a large part of its biofuels business, according to the company.
But Abengoa told Bloomberg that it wants to keep its engineering-construction business Abeinsa S.A. and continue developing projects—refusing to confirm rumors of acquisition talks with French contracting giant Vinci.