Link Securities | Talgo (TLGO) completes the end of an era this Friday with the holding of an Extraordinary General Shareholders’ Meeting at which the nationalisation of the company will be approved, with the effective entry of the State through the State Industrial Holdings Company SEPI (7.9% of Talgo’s capital) and the Basque Government, which is part of a public-private consortium led by investor José Antonio Jainaga (29.0% of the…

Alphavalue/DIVACONS | The Minister of Transport and Sustainable Mobility, Óscar Puente, announced on Monday that the government will request a seat on the board of directors of Talgo (TLGO), after the state, through the State Industrial Holdings Company (SEPI), acquired an 8% stake in the company.

Link Securities | Talgo (TLGO) has once again delayed the delivery of 13 new high-speed trains to Renfe, which could result in further penalties from the public company, in addition to the €116 million it already faces for the delay of more than two and a half years in the delivery of the Avril 106 trains, according to Expansión newspaper.

Link Securities | The Spanish train manufacturer is beginning the countdown to complete the change of majority shareholder that began at the end of 2022, after the British fund Trilantic notified its intention to divest its majority stake, according to a report published today by the digital newspaper elEconomista.es. The company’s CEO, Gonzalo Urquijo, acknowledged yesterday in a meeting with analysts that the management’s timetable envisages completing the transaction in…

Banco Sabadell| Railway manufacturer Talgo will present its first-half results on Tuesday, 30 September, which were initially due to be published on 1 August, once they had undergone a ‘limited’ review by external auditors as part of the capital increase it is planning to strengthen its balance sheet.

Renta 4 | The Spanish train manufacturer has announced that it has just received technical approval from the European Railway Agency (ERA) and the German Federal Railway Agency (EBA) for its 230 model long-distance trains to begin operating in Germany before the end of the year, albeit more than a year behind schedule. The approval is the final step in a process that began in 2019 with the signing of…

Banc Sabadell | Talgo (TLGO) minority shareholders, through the AEMEC, have criticised the entry of the State Company for Industrial Investments (SEPI) as they believe it could have benefited from the takeover bids, which did not materialise, according to press reports. SEPI’s entry through a rights issue prevents them from benefiting from this option. In addition, AEMEC also believes that there could be concerted action between SEPI and the Basque…