NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Abengoa SA (NASDAQGS: ABGB) for possible violations of federal securities laws. The investigation concerns whether Abengoa and certain of its officers and/or directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On August 3, 2015, Abengoa disclosed plans to sell assets worth 500 million euros and to call a shareholder vote relating to a capital increase with pre-emptive rights of 650 million euros. According to the company, the proceeds from the transactions will be used to reduce corporate debt. On the announcement of the news, Abengoa’s stock price plunged $3.31 per share, or more than 29%, from its closing price of $11.06 on July 31, 2015. To obtain additional information about this investigation, go to:
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