Latinnews Daily - 27 September 2017

* Abengoa Bioenergia, the Brazilian subsidiary of Spanish multinational energy firm Abengoa SA, has become the latest sugar and ethanol producer to file for bankruptcy. The company failed to attract enough investors to stay afloat after accruing debts of R$1bn (US$320m) over the last two years, according to local economic daily Valor Econômico.  Financial troubles are widespread in the sector, following a sharp fall in sugar and ethanol prices during the first quarter of the year. According to a survey by consultancy firm RPA, 51 firms in the sector have filed for bankruptcy and another 27 are in the process of liquidation out of 444 operating in the country.

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