The offer would value the train manufacturer at around 617 million euros
Talgo has received "a preliminary expression of potential interest" from a Hungarian business group to formulate a public offer for the acquisition of shares (OPA) for all of the railway manufacturer's securities at a price of 5 euros per share, which would value the train manufacturer at around 617 million euros.
Specifically, the price offered by the Hungarian holding company would represent a premium of 27.7% over the current price of Talgo shares (3.915 euros), which have been suspended from trading as a precautionary measure by the National Securities Market Commission. Securities (CNMV) before the market opens.
Once the operation was announced, the CNMV has decided to lift the agreed precautionary suspension, with effect from 10:00 a.m.
Talgo has explained to the CNMV that "as far as it is aware", there is no type of decision by said investor in relation to the possible takeover bid "nor certainty that it will continue analyzing the operation."
The newspaper 'La Información' publishes this Thursday that a Hungarian family holding company has started talks with the board of directors of Talgo, currently owned by the investment fund Trilantic, to take over the train manufacturer.