Basque consortium agrees to acquire Talgo stake

abc

Lean Right

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Poland does not want to be a secondary player in Talgo. The Polish Capital Group Development Fund (Polski Fundusz Rozwoju or PFR) ensures that it does not “prevent any capital investment in Talgo as a minority shareholder”, but remains open to “exploring other forms of cooperation in the future.” These statements come after last Friday the purchase of 29.9% of the train manufacturer was confirmed by a Basque consortium led by Sidenor. An acquisi…

The Corner

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

The Corner 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 G…

berria.eus

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We called Talgo the "Franco train" when we were young people in Madrid, every time we took the train. The good news is that the group formed by Sidenor, the Basque Government, BBK and Vital has bought Talgo. Even better if they bring the registered office and tax office - clink, clink, the sound of money - to Álava. The deputy of the Treasury of that country will be happy. With BBK and Vital involved in the operation, why didn't the Gipuzkoa Ban…

Railway Gazette

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Basque consortium agrees to acquire Talgo stake

SPAIN: A Basque consortium has reached a commercial agreement for the acquisition of approximately 29·7% of the share capital of Talgo from largest shareholder Pegaso Transportation International.

The Objective | Periodismo ethos

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The Polish state fund PFR, owner of the train manufacturer Pesa, has ruled out that it will enter as a minority shareholder in the capital of Talgo, after it has not been able to materialize a Public Offer of Acquisition (OPA) to take 100% of the company against the offer of the Basque consortium headed by Sidenor. This has been transferred by PFR in a statement, after last Friday, Sidenor, together with the Basque Government, BBK and Vital, rea…

20minutos

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First official statement from the Polish state fund PFR after the Basque consortium led by Sidenor reached a principle of agreement to relieve Trilantic as the top shareholder of Talgo. Three days after the deadline ended without PFR presenting the offer that was finalising on the train manufacturer, the Warsaw-based group explains its decision. "The final and comprehensive analysis of PFR, which covered both factors directly related to the oper…