Economy & BusinessAcciona offers 30 million euros to buy the Agadir...

Acciona offers 30 million euros to buy the Agadir desalination plant

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Acciona has submitted an offer to buy the Agadir desalination plant in Morocco. The Danish giant Arnold Peter Møller and Técnicas Reunidas have also expressed interest in this factory built and managed by Abengoa, in bankruptcy.

The judge will examine all the offers to try to save Abengoa from bankruptcy. The firm’s board of directors chose Urbas as the best offer and presented its case to the judge who nevertheless opened a period to allow other investors to submit their offers to buy the firm to preserve its more than 9,000 jobs and its headquarters in Seville. This is how the companies RCP, Ultramar and Cox Energy submitted their offers, reports Cinco Dias.

But alongside these 100% offers, other companies have opted for partial buyouts. This is the case of Acciona, which is only interested in the desalination plant of the Andalusian group, located in Agadir. Acciona is offering around 30 million euros to buy this site and particularly appreciates the 30-year duration of the concession period granted to Abengoa in June. Danish giant Arnold Peter Møller and Técnicas Reunidas also submitted a bid for the same desalination plant.

All investors who have submitted an offer to save Abengoa from bankruptcy now have five working days to provide all the necessary documentation to the court. They will also have three days to improve their proposals before the judge retains the best offer, in collaboration with the judicial administrator.

The Moroccan Blog
The Moroccan Blog
The Moroccan Blog is an English based newsblog dedicated to Morocco. You can find here all news from Morocco across a variety of topics: Arts & Culture, Economy & Business, Lifestyle, Moroccan Sahara, MRE, Society, Tourism & Travel and more.

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