Norbolsa | Government opposition to the Polish bid clears the way for an agreement with the Basque consortium. Yesterday Talgo shares plunged 9% to €3.28/share affected by this decision. So it looks like we will find out today if an agreement is finally reached with the consortium to acquire 29.8% of Talgo. On Wednesday we learnt that Pesa would be willing to launch a takeover bid for 100% of Talgo,…

Renta 4 | According to press reports, Pesa has informed the National Securities Market Commission (CNMV) that during this week it will launch a takeover bid for 100% of Talgo’s shareholding. The offer will be subject to the fulfilment of certain conditions that have not yet been disclosed and opens the possibility for the consortium led by Sidenor to join the operation. Assessment: News that we value positively since it…

Bankinter | Trilantic Capital, majority shareholder of Pegaso Transportation, received a conditional offer for 29.7682% of Talgo’s (TLGO) share capital. Initial fixed price of €4.15/share, which can be increased to €0.65/share depending on the fulfilment of financial targets in 2027 and 2028. The Consortium submitting the offer is formed by Clerbil, Finkatze Kapitala Funlatuz, Fundación Bancaria BBK and Fundación Bancaria Vital. The Consortium does not intend to acquire a percentage…

Link Securities | Trilantic, the largest shareholder of Talgo with 29% of the capital, will close in February an auction led by PwC for its stake, to which Torreal and the Oriol family, with a joint stake of 40% of the listed company, will also add theirs, the newspaper Expansión reports today. The three investors still have a syndicated stake in the Pegaso vehicle. Thus, those interested in this stake…