Talgo's shares soar more than 7% after signing a second order with Deutsche Bahn

MADRID, 17 May. (EUROPA PRESS) -

Talgo's shares advanced more than 7% after signing a second order with the German railway operator Deutsche Bahn to manufacture 56 Talgo model 230 trains, for an approximate value of 1,400 million euros.

Specifically, Talgo shares rose 7.87% at 9:40 a.m., up to 3.29 euros per share, leading the rises on the Continuous Market.

This new order is part of the framework contract signed in 2019 between both companies for the manufacture of up to 100 trains, as reported by the company to the National Securities Market Commission (CNMV) on Wednesday.

Specifically, Talgo and Deutsche Bahn signed a framework contract in February 2019 for the manufacture of up to 100 Talgo model 230 trains, the High Speed ​​train, a self-propelled vehicle with the capacity to travel at a speed of up to 230 kilometers per hour.

In this framework contract, a first order was initially signed to manufacture 23 trains, so this second order is consolidated as a continuation of the series to increase the range from the initial 23 trains to a total of 79 units.

The Talgo 230 trains, known by Deutsche Bahn as 'ICE L', will have the same configuration as those corresponding to the first order, and will maintain their commitment to sustainability and energy savings.

Talgo has explained that the execution of the project will begin once the financing structure is agreed.