A consortium from Spain has acquired 29.7% of Talgo shares, signing the relevant agreement. The participants include Sidenor, the regional government, and Kutxabank. This was reported by the railway transport news portal Railway Supply.

A consortium from Spain has acquired 29.7% of Talgo shares, signing the relevant agreement. The participants include Sidenor, the regional government, and Kutxabank.
Photo: Talgo

Talgo strengthens its position in Spain

The company’s shares are being acquired at a price of €4.15 per unit, with an additional €0.85 payable upon achieving financial targets. The deal is expected to be finalized after approval from all parties.

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One of Talgo’s production sites is located in Rivabellosa, Álava province. More than 700 people work there, while the town’s population slightly exceeds one thousand residents.

Álava province governor Ramiro González stated that regaining control of the company in the region would support industrial development. He emphasized that maintaining strategic production is of great importance.

Spain protects Talgo’s strategic asset

It was previously reported that the consortium had offered to acquire 29.8% of Talgo shares at a price of €4.8 per unit. The deal includes an additional payment of €0.65 upon achieving target financial indicators.

Spain has consistently rejected offers from foreign investors from Eastern Europe, including Hungary, the Czech Republic, and Poland. Authorities have not allowed full control of the strategically important enterprise to be transferred.

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