Abengoa Obtains Required Consent to Proceed with Befesa Sale
05/21/2013 - Abengoa announced that the required authorizations, undertaken with Befesa's bondholders in order to facilitate the sale of Befesa Medioambiente to funds advised by Triton Partners, were successful.
Abengoa, a company that develops innovative technology solutions for sustainability in the energy and environment sectors, announced that the required authorizations, undertaken with Befesa's bondholders in order to facilitate the sale of Befesa Medioambiente to funds advised by Triton Partners, were successful.
All consents and authorizations, necessary to approve some amendments and to waive certain provisions governing Befesa's bond, were obtained by the majority of the bondholders of the outstanding notes. These approvals were a key requirement to proceed with the sale, announced on 18 April. The transaction now is subject to finalization of documentation, as well as customary regulatory and financing approvals.
Befesa is an international company that specializes in the integral management of industrial waste, with plants in Germany, Spain, United Kingdom, France, Sweden, Turkey and South Korea, as well as Chile, Argentina and Peru. It is a leader in the steel dust and salt slags recycling sectors in Europe.
Abengoa is a company that applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from the sun, producing biofuels, desalinating sea water and recycling industrial waste.
