Alphavalue/ Divacons | Indian group Jupiter Wagons continues with its plans to launch a takeover bid for Talgo and has hired Lazard and Eversheds Sutherland as advisors, according to sources close to the process, Cinco Días reported. Jupiter Wagons is expected to submit a financial offer higher than that of industrial group Sidenor and seek to acquire more than 30% of Talgo’s capital. Talgo shares rose 1.73% on Friday. For…

Banc Sabadell | Indian manufacturer Jupiter Wagons (19.24% owned by Slovakian train manufacturer Tatravagonka), which designs passenger cars, freight wagons and parts) is reportedly in contact with various players involved in the Trilantic succession process to apply to become an industrial partner (without control), according to elEconomista. No further details have been given on the status or scope of the negotiations. Assessment: The appearance of more interested parties would be…

The president of the steel company Sidenor, José Antonio Jainaga, conveyed last week to the Trilantic fund, the main shareholder of Talgo, an offer that involves the payment of €148 million for its 29.9% stake, which includes a premium over the current stock market levels. However, the price seems to fall short of the financial entity’s expectations.Talgo recorded a 3.27% increase in the stock market on Monday, reaching €3.47 per…

The multi-faceted operation sponsored by the Government to replace the British fund Trilantic in Talgo’s shareholding is taking shape. This was confirmed by the company late yesterday, when it sent an announcement to the National Securities Market Commission (CNMV) informing of the receipt of a ‘manifestation of interest’ from the industrial group Sidenor, in which it expresses its intention to carry out ‘the total or partial acquisition of the share…

Norbolsa | The president and owner of the Spanish steelmaker Sidenor, José Antonio Jainaga, is postulated as an industrial investor to take the entry in Talgo (as demanded by the Basque government). The operation would be carried out through the investment vehicle Mirai Investments, created in 2019 to acquire industrial businesses with a consolidated track record but that have the capacity for operational improvement, are undergoing transformation or have successions…

Link Securities | The Government of the Basque Country is negotiating with the Spanish Government its entry into the capital of Talgo (TLGO) to offer a financial solution to the company and safeguard its Spanishness, according to the newspaper elEconomista. However, the Basque government’s offer is subject, as with CriteriaCaixa, to the appearance of an industrial partner capable of offering space to increase production. Although talks are at a preliminary…

Aurelio Medel (5 Días) | The declaration of Talgo as a “strategic company within a key sector for the economic security, territorial cohesion and industrial development of Spain” is a trap for the company and constitutes a dangerous precedent for other companies, which can fall under the same qualification only with arguments contained in a report declared secret. The course of Talgo’s stock shows how the pompous label of strategic…

The Government has decided to reject the takeover bid for Talgo presented by the Hungarian group Ganz Mavag (Magyar Vagon) on the grounds of national security and strategic interests. This has been decided by the Foreign Investment Board of the Ministry of Economy, Trade and Enterprise, which has denied the operation presented by the consortium to take over the entire Spanish train manufacturer for €617 million. “Talgo is a strategic…