Santander relinquishes ‘Nueva’ Abengoa holding

Santander
By Victor Jimenez
11 Apr 2017

Crédit Agricole became the largest shareholder of Abengoa on Tuesday, after Banco Santander disclosed to the Spanish financial regulator the sale of most of its holding in the engineering group.

Shares in Abengoa, once a major Spanish borrower in the European high yield market, traded at just €0.20 on Tuesday afternoon.

They fell 6% over the course of the morning, when news of the Santander’s move hit trading ...

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