Pablo Infante is the new president of Abenewco1, a subsidiary of Abengoa SA (currently in the process of liquidation) that concentrates the main assets of the multinational. The company has informed its workers of this appointment and of the creation of an Abengoa Restructuring Committee whose function will be to “maintain the operational group” and “to complete the restructuring process in this pre-contest stage, prioritizing maximum activity and employment” and will be led by Álvaro Polo, another company history.
Infante is a man of the house, with a professional career at Abengoa since 1995. He is also well acquainted with the operating subsidiaries. He accedes to the presidency of the board of directors after the cessation of the previous board of directors chaired by López Bravo and which also included Álvaro Polo, Clemente Fernández, Joaquín Martínez Sieso and Alfonso Murat.
The new board of directors is completed by more men from the house: Ángel Alday Mendizábal, Valerio Fernández Quero, Pablo Barrasa Ruiz and Sergio Cerezo Moreno, as secretary.
Restructuring Committee
Álvaro Polo, the new corporate CEO, is accompanied on Abengoa’s Restructuring Committee by Infante himself, Juan Carlos Jiménez Lora as secretary and Ángel Alday, Valerio Fernández, Ginés de Mula, Sergio Cerezo, Pablo Barrasa, Natalia Cebolla, José Fernando Giráldez, Alejandro García Bravo, Francisco Morill and Gonzalo Zubiría.
Both Abenewco1 and 25 other subsidiaries of the group are currently in pre-bankruptcy. Abengoa Solar Spain emerged from this group, for which a tender was already requested.
liens and debts
Most of the group’s accounts are currently seized by the Treasury for debts with public administrations. It is estimated that the total amount of the liabilities of the entire group is around 9,000 million euros.
The parent company, Abengoa SA, is in the liquidation phase of its bankruptcy, although in practice it is almost empty of assets (in addition to debts, a Murillo protected by BIC and a hotel seized in a court case remain). Its president until the liquidation, Clemente Fernández, works with investment groups (Sinclair and RCP) to present a global offer for the group’s subsidiaries.
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