On June 1, Abengoa S.A. announced it has completed the sale of its European ethanol business to a company controlled by Trilantic Europe, a private equity fund. According to Abengoa, the transaction includes four ethanol plants and a company dedicated to the management of grain purchases and distillers dried grains with solubles (DDGS) commercialization.
A notice published by Abengoa indicates the sale was completed by its subsidiary Abengoa Bioenerg&iacute;a Inversiones S.A. and includes the transfer of shares associated with Abengoa Bioenergy France S.A., a 66 MMgy facility located at the at the Petrochemical Platform at Lacq, Pyr&eacute;n&eacute;es-Atlantiques, France; Biocarburantes de Castilla y Le&oacute;n S.A., a 53 MMgy facility located in Babilafuente, Salamanca, Spain; Bioetanol Galicia S.A., a 52 MMgy plant located in Teixeiro, Coru&ntilde;a, Spain; Ecocarburantes Espa&ntilde;oles S.A., a 40 Mmgy plant located in Cartagena, Murcia, Spain; and Ecoagr&iacute;cola S.A., a company within the Abengoa Bioenergy business group that is focused on grain purchases and DDGS.
Abengoa sold its U.S. ethanol plants last year. Green Plains <a href="http://www.ethanolproducer.com/articles/13750/green-plains-completes-acquisition-of-3-abengoa-facilities" target="_blank">purchased </a>facilities in Madison, Illinois; Mount Vernon, Indiana; and York Nebraska.&nbsp;KE Holdings LLC, an affiliate of KAPPA Inc., <a href="http://ethanolproducer.com/articles/13644/successful-bidders-named-in-sale-of-5-abengoa-ethanol-plants" target="_blank">purchased </a>the Ravenna, Nebraska, plant, while ICM Inc. <a href="http://ethanolproducer.com/articles/13644/successful-bidders-named-in-sale-of-5-abengoa-ethanol-plants" target="_blank">bought </a>the Colwich, Kansas, plant.&nbsp;The cellulosic ethanol plant in Hugoton, Kansas, was <a href="http://www.ethanolproducer.com/articles/13947/court-accepts-48-5m-bid-for-abengoa-hugoton-from-synata-bio" target="_blank">purchased</a> by Synata Bio Inc.&nbsp;
Abengoa first <a href="http://www.ethanolproducer.com/articles/12988/abengoa-announces-plan-to-sell-first-generation-biofuel-assets" target="_blank">announced </a>its plans to sell its non-core assests, including its first-generation ethanol plants, in January 2016 as part of a restructuring plan to avoid bankruptcy.
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Abengoa Bioenergy France S.A. is among the European ethanol plants Abengoa has sold. 

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Abengoa S.A. has completed the sale of its European ethanol business to a company controlled by Trilantic Europe, a private equity fund. According to Abengoa, the transaction includes four ethanol plants and a company that manages grain purchases. 

Abengoa completes sale of European ethanol business

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