Talgo recovers on the stock market on August 28, after the fall suffered by the veto on the takeover bid of the Hungarian company

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Talgo shares started an upward trend on Wednesday and are trading at 3.965 euros in the morning.

Company shares Talgo bounces back on the stock marketthis Wednesday around 1.02%, after the drop of almost 9% it suffered on Tuesday, after it was announced that the Spanish government had rejected the Public Takeover Bid (OPA) of the Hungarian group Ganz Mavag.

On Wednesday morning, shares in the company with a factory in Rivabellosa (Álava) were listed at 3,965 euros.

However, at the end of the trading session on Tuesday, they stood at 3.925 euros and were the most punished on the Spanish stock market, with a loss of 8.72%. In addition, trading was suspended for more than two hours and there were moments when it lost up to 10%.

The reason was that the state government had reported its rejection of the takeover bid launched by Ganz-Mavag, claiming risks to national security and public order due to the relationship that some directors may have with Russia.

Source: EITB

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