July 27, 2020 / 5:26 PM / 11 days ago

Abengoa intends to sign restructuring agreement before July 31

FILE PHOTO: Towers belonging to the Abengoa solar plant are seen at the "Solucar" solar park in Sanlucar la Mayor, near the Andalusian capital of Seville, southern Spain March 29, 2016. REUTERS/Marcelo del Pozo/File Photo

MADRID (Reuters) - Spain’s renewable energy firm Abengoa (ABG.MC) on Monday said it has the intention of signing a restructuring agreement before July 31 as it seeks liquidity to stay afloat, again extending a self-imposed deadline in its negotiations with creditors.

A source with knowledge of the negotiations last week said that the Spanish government was considering granting guarantees and credit lines through its state-agency ICO to Abengoa to support the company.

Reporting by Jesus Aguado and Joan Faus; editing by Jonathan Oatis

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