Spain's Abengoa gets bondholder OK for sale of Befesa to Triton funds

By Toni Weeks

San Luis Obispo, Calif., May 13 - Abengoa, SA announced it has received the required authorizations from Befesa Medio Ambiente SA's bondholders to facilitate the sale of Befesa to funds advised by Triton Partners.

According to a press release, all consents and authorizations needed to approve some amendments and waive certain provisions governing Befesa's bond were obtained from the majority of the bondholders of the outstanding notes. The transaction is now subject to the finalization of documentation and customary regulatory and financing approvals.

Seville, Spain-based Abengoa provides technology solutions for sustainability in the energy and environmental sectors. Asua-Erandio, Spain-based Befesa specializes in the integral management of industrial waste.

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