The new range of José Antonio Jainaga increases the price for Talkgo to 4.15 euros per share, more than 0.65 extra euros if certain objectives are achieved. The shares of the company were closed at 3,975 euros yesterday.
The National Securities Market Commission (CNMV) has decided to suspend the price of the shares of the shares of immediately Sebum After yesterday, closed with the market, Moral He announced that he increased his offer to take 29.9 % of his capital.
Before the opening of the market, the CNMV communicated the suspension of Talgo by a relevant fact.
The president of Sidenor, José Antonio JainagaImproved his offer to acquire 29.9 % of the sebum after participating in the BBK operation, the Vital Foundation and the Basque government. The new offer increases the price for Talkgo to 4.15 euros per share, plus other extra 0.65 euros if certain objectives are achieved.
In particular, the four entities would contribute 155 million euros to the operation: Sidenor, the Basque government, via the Finkatuz Fund, and the BBK will each give 45 million euros, and the Fital Foundation, on the other hand, 20 million euros euros .
The shares of the company were closed at 3,975 euros yesterday.
Bet “roots”
The Minister of Industry, Energy Translation and Sustainability, Mikel Jaureegisaid on Thursday that the new offer of Sidenor to acquire Talkgo “is a clear dedication to the Basque government for industry and roots”. However, he has ‘asked caution until the end of the game’. “The ball is now in the hands of the seller,” he said.
Last
The most important resistance of Trilantic against this operation was the initial price offered by the steel chaired by Jainaga (the 4 euros), far from the 5 euros he stroked with the grandfather – then veto by the Spanish government – launched by the Hungarian Magyar Vagon company in March in March last year.
The new offer is a payment of 4.80 euros per share, closer to the 5 euros from the Hungarian and considerably above the price on the company’s stock market.
In addition to the parabienes of the Spanish government, the operation can be clearly visible within the Basque government because it would mean the consolidation of Talgo, a company with strong involvement in the Basque autonomous community, because it has one of the two factories, the largest , in the municipality of Alavés Ribabellosa, with 700 employees (the other in Las Matas, in Madrid, with 500 employees).
With Magyar’s offer, the fund would have started for its 29.9 % slightly plus 150 million (500 million the totality of capital).
Currently, the largest shareholder in Talgo Pegaso, a company was formed by the Trilantic Fund, the Abelló family and some members of the Oriol (founders of Talkgo), with 40.2 % of the capital.
This week there was a meeting between the President of Talkgo, Carlos de Palacio Oriol, and the Lehendakari, Imanol Pradales, who has repeatedly shown his confidence that the train manufacturer and Sidenor can reach an agreement that guarantees the industrial future of the company.
The Polish company, however, weighs and India Jupiter Wagons are also interested in acquiring Talgo. The race for Talkgo is already in its last piece, with the deadline of February 14, provided by the most important shareholders to learn about the three offers at stake.
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.
