Renta 4| Renfe has extended the maintenance contract for Talgo’s high-speed trains (TLGO) until 2027. This contract extension is worth €180 million. The contract is expected to be signed and formalised in the coming weeks.
Assessment: This contract extension represents ~7% of the order book at the end of June. It is a positive transaction that allows the company to strengthen its order book.
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
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