|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.0112 - 0.0113|
|52-week range||0.0112 - 0.0113|
|Beta (5Y monthly)||1.50|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The Spanish government is considering granting guarantees and credit lines to renewable energy and engineering firm Abengoa <ABG.MC> in a bid to keep the company afloat, a source with knowledge of the negotiations said. Spanish state agency ICO will guarantee up to 70% of the 180 million euros (164 million pounds) that bank creditors including Bankia <BKIA.MC> and Santander <SAN.MC> are considering lending to the company, the source said. ICO may also directly lend Abengoa 50 million euros, while an extra 20 million loan is being negotiated with the regional government of Andalusia.
Troubled Spanish renewables firm Abengoa <ABG.MC> said on Tuesday it was in advanced talks to secure a 250 million euro state-backed liquidity line and restructure part of its debt, but did not expect a final decision until July 27. The announcement means the Seville-based engineering group will miss Tuesday's self-imposed deadline to reach an agreement with lenders that would allow it to stay afloat. "The Board of Directors considers that, in the current circumstances, it must exhaust all available alternatives for the continuity of the group's business," Abengoa said in a statement.
If you're interested in Abengoa, S.A. (BME:ABG), then you might want to consider its beta (a measure of share price...