Government asks Criteria to put together Spanish counter-bid for Talgo to avoid Ganz Mavag’s

Talgo diferente

Alphavalue/ Divacons | The Minister of Transport, Óscar Puente, said yesterday that “we must wait for other players”, referring to the takeover bid by the Ganz Mavag consortium for Talgo, which the government is rejecting. Among these “players”, Puente wants Criteria, the investment arm of La Caixa, which, according to government sources, has been contacted to put together a counter-bid with a Spanish stamp. In fact, the newspaper Expansión suggests that Criteria could back a counter-bid for Talgo at €5 per share, provided it co-invests with an industrial partner. According to the newspaper, CAF, Stadler and Alstom rule out participating in a counter-bid.

About the Author

The Corner
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.