Solar-thermal specialist Abengoa is heavily indebted and said it will limit capital spending to €50m annually until its position stabilises, and will look to dispose of €1.2bn of assets by the end of 2016.
One of the routes to achieving that target could be by further shrinking its stake in Abengoa Yield, the yieldco that was floated off from Abengoa in mid-2014.
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