The Vulantic Investment Fund has already reported that the offer received will evaluate, without having made a decision in this context so far.
The National Securities Market Commission (CNMV) agreed lift the precautions From Talker’s price on the stock market with securities from 1.15 pm. The supervisor’s decision is produced after contributions Moral More information about the offer for the acquisition of 29.9 % to the Trilecic Investment Fund, one of the owners of the train manufacturer.
The Basque industrial group, together with BBK, Vitale and Basque government, improved yesterday via Finkatuz and raised it to The 4.15 eurosTo which we should add a variable of 0.65 cents, which would bring the final amount to the 5 euros that the fund claimed.
TrilanticIn the meantime, that has announced that will evaluate the received offerWithout making a decision so far in this respect.
This morning, the supervisor suspended the Talgo price, which closed the session from yesterday to 3,975 euros.
New offer
The offer price is structured in two sections: a first fixed section of 4.15 euros per share, which represents a value of 153 million euros; and a second variable of 0.65 euros, which could attribute to the participation of 29.9 % an additional value of up to 81 million euros and that will in any case depend on compliance by the company of certain financial size during exercises 2027 and 2028.
As offered, 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.
The Minister of Industry, Energy Translation and Sustainability, Mikel JaureegiHe said that the new offer is “a clear gamble from the Basque government for industry and carrots.”
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.
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.
