August 10, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Abengoa SA (ADR) (NASDAQ:ABGB) shares over potential securities laws violations by Abengoa SA and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Abengoa SA (ADR) (NASDAQ:ABGB) concerning whether a series of statements by Abengoa SA regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Abengoa SA is a Spain-based company engaged in the provision of technological solutions for the engineering sector On August 3, 2015, Abengoa SA 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 Abengoa SA the proceeds from the tr. nsactions will be used to reduce corporate debt. Shares of Abengoa SA (ADR) (NASDAQ:ABGB) declined from $16.01 per share on July 16, 2015, to as low as $7.67 per share on August 3, 2015.