talgo

Relevant News Item 14th July 2025

Basque consortium secures €75 million demanded by SEPI to acquire stake in Talgo, calls for situation to be resolved before 15 July

Renta 4 | The Basque consortium formed by Sidenor, the Basque government and the BBK and Vital foundations has managed to raise the €75 million demanded by SEPI to finance half of the €150 million loan to be granted to Talgo, according to press reports. Once SEPI’s requirements have been met, the Basque consortium is asking for the operation to be unblocked before 15 July so that it can formalise…

Relevant News Item 9th July 2025

Basque consortium’s entry into Talgo runs into difficulties: government demands it take on half of loan SEPI was going to grant

Renta 4 | The Basque consortium’s entry into Talgo is becoming complicated. According to press reports, the acquisition of 29.7% by the Basque consortium formed by Sidenor, the Basque government and the BBK and Vital foundations could be called into question. The Basque Nationalist Party has revealed that the Spanish government has changed the conditions initially agreed and is demanding that the consortium take on half of the £150 million…

Spanish economy 30th May 2025

SEPI could grant Talgo €120m convertible loan to unblock Basque consortium’s entry in capital

Renta 4: According to press reports, SEPI (the State-owned industrial holding company) could grant a convertible loan to Talgo to unblock the entry of the Basque consortium in the capital of the rolling stock manufacturer. The operation would consist of a convertible loan amounting to €120 million to cover the fine of €116 million imposed by Renfe on Talgo for the delay in the supply of the 30 AVRIL trains….

Spanish economy 30th May 2025

Talgo calls EGM to reshuffle board after being left inquorate

Alphavalue/DIVACONS | The train manufacturer has called an Extraordinary General Shareholders’ Meeting for 27 June in order to restructure its board of directors, after it was left with an insufficient number of members to reach the quorum necessary for its valid constitution and operation. This situation follows the death of its independent director Emilio Novela Bartín on 16 May in Madrid, the company informed the National Securities and Exchange Commission…

In Europe 28th May 2025

Talgo wins €2.4 billion contract with FlixTrain for order of 65 Talgo 230 trains

Renta 4 | The company has informed the National Securities Market Commission (CNMV) that it has been awarded a contract with FlixTrain, a subsidiary of the global travel technology company Flix SE, for the supply and maintenance for 15 years of up to 65 Talgo 230 trainsets. The contract value amounts to €2.4 billion, with the scope of the first order being 30 trains and maintenance for 15 years for…

Spanish economy 16th May 2025

Basque consortium postpones entry into Talgo by one month to unblock financing of €116 million fine imposed by Renfe

Renta 4 | According to press reports, the Basque consortium formed by Sidenor, the Basque government and the BBK and Vital foundations has not formalised its entry into Talgo’s capital within the deadline set, opening a one-month extension to close the deal. The main problem is obtaining financing to structure the operation since Renfe imposed a €116 million fine on Talgo for delays in the delivery of AVRIL trains. The…

Relevant News Item 18th February 2025

Talgo majority shareholder Pegaso reaches agreement for sale of 29.7% of capital, with no takeover bid for 100%, at €4.15/share

Bankinter | Last Friday, Pegaso, majority shareholder of Talgo (TLGO), announced the agreement for the sale of 29.7% of Talgo’s capital to the Consortium formed by Clerbil (Sidenor), Finkatze Kapitala Funlatuz, Fundación bancaria BBK and Fundación Bancaria Vital. The price will be €4.15 fixed and up to an additional €0.85 subject to the achievement of objectives. In statements this weekend by Imanol Pradales, President of the Basque Government, he said…

In Spain 14th February 2025

Talgo’s rejection of Polish bid clears way for Sidenor, agreement expected today

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,…

In Spain 10th February 2025

Polish company Pesa to launch takeover bid for 100% of Talgo at similar price to €5.0/share offered by Magyar

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…

In Spain 7th February 2025

Consortium making offer for 29.7682% of Talgo at €4.15/share has no intention of acquiring more than 30%

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…

« 1 2 3 4 5 … 8 »