Brief: Spain's Abengoa lifts 2015 asset sales target

Starlog Enterprises

31/07/2015 16:55

July 31 (Reuters) - Spain's Abengoa  ABG.MC   ABGek.MC  
    * Says to divest assets worth 1.8-1.9 bln euros in 2015 vs 
previous target of 1.6 bln euros 
    * Says expects positive impact of 50 mln euros on 2016 
EBITDA from cost reducing plan 
    * Says had negative cash flow from operations of 201 mln 
euros at end-June 
    * Says cash flow from operations seen at 480-530 mln euros 
at year-end 
    * Says corporate free cash flow 354 mln euros at end-June 
    * Says corporate free cash flow expected at 600-800 mln 
euros at year-end 
    * Says total adjusted net debt position 6.11 bln euros at 
end-June, total consolidated net debt 6.55 bln euros at end-June 
 
Further company coverage:  ABG.MC   ABGek.MC  
 
 (Reporting By Julien Toyer; Editing by Tracy Rucinski) 
 ((julien.toyer@thomsonreuters.com;))