The proposal proposes a combination of business and industrial integration, but does not contain a specific economic offer. Skoda has thus presented itself as the main candidate on the market to counter the takeover bid (OPA) of the Hungarian Magyar Vagon on Talgo.
Railway construction company Talgo, which has a factory in Rivabellosa (Álava) with over 700 employees, has confirmed that it has received a proposal from the Czech group Skoda Transportation proposes a combination of business and industrial integration, but does not include a specific economic offer. This was announced to the National Securities Market Commission (CNMV) on Tuesday before the market opened.
Skoda is postulated as well as the main candidate on the market to counter the public takeover bid (OPA) launched by the Hungarian Magyar wagon on Talgothat has offered 619 million euros for 100% of the company
According to the company’s details, Skoda’s offensive does not include an economic offer, which is why it has asked for it more detailed information about your proposal to find out if it is a higher consideration than that of the holding Magyar Vagon (price of 5 euros per share). In the same way, Talgo has demanded that the interested group explain its position current industrial and financial possibilities to assess the next steps.
Skoda Transportation’s proposal comes in the midst of a takeover bid by the Hungarian group GanzMaVag (Magyar Vagon) for the Spanish company, an operation that does not have the support of the Spanish government, which understands that Talgo is a strategic operator, with unique technology in the world and that plays a fundamental role in rail transport.
The Minister of Transport and Sustainable Mobility, Óscar Puente, has pointed out on several occasions that the executive branch “is observing the takeover bid with the utmost care and is waiting for other players in the game, investors and other manufacturers.”
Now the Spanish government welcomes Skoda’s approach. The Pilsen-based engineering group Skoda Transportation specializes in the development and production of electric rail vehicles for urban and rail transport.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
