MADRID: Spain’s Abengoa, on the brink of becoming the country’s largest-ever bankruptcy, said its debt had risen by 492 million euros (US$535mil) in 2015’s fourth quarter, as it posted a full-year net loss of 1.2 billion euros.
The energy firm, racing to reach an agreement with its banks and bondholders, said its gross corporate debt at the end of 2015 totalled 9.395 billion euros, up from 8.903 billion euros at the end of September.
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