Bloomberg News

Acciona Mulling Writedown on Spain Cities Debt, Economista Says

February 28, 2012

Acciona SA (ANA), Spain’s second-biggest wind farm operator, is contemplating a writedown on town halls’ debts, El Economista reported, citing comments made by Chairman Jose Manuel Entrecanales.

Acciona is owed around 700 million euros ($941 million) by Spanish administrations, including town halls, and half of the debts are overdue, El Economista said.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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