Spain’s National Securities Market Commission, CNMV, has approved the merger, but it awaits government clearance, which could take up to three months, this is reported by the railway transport news portal Railway Supply.

Hungarian investors are considering the acquisition of the Spanish company Talgo
Picture: Talgo

A proposal to purchase all Talgo shares for €620 million was submitted in March by a consortium with Corvinus, the Hungarian state fund.

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Despite approval from major investors, including Trilantic and Torreal, owning 40% of Talgo shares, the deal faces resistance from the Spanish government.

Spain’s transport minister has stated readiness to halt the deal, and Trilantic is already negotiating with Stadler for a counteroffer.

La Caixa has also expressed readiness for an alternative proposal.

Photo: Talgo

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