At the moment it has not crossed how much the Indian company or what part of the capital of Talkgo wants to acquire.
The Indian manufacturer Jupiter Wagons is preparing an offer for Talkgo, after the Basque consortium led by Sidenor on Thursday had confirmed the improvement of his initial offer by the rail manufacturer up to 4.8 euros per share, as confirmed by EFE sources close to the operation .
At the moment it has not crossed how much the Indian company or how much capital they want to acquire.
Jupiter Wagons is one Private manufacturer of merchandise and passenger carsHigh Speed Material and Cast Pieces for Railways, including products, with customers in India and North America.
On February 14, the Deadline of Trilantic, the shareholder in leaving TallGO and controls, ends 29.77 % of the capital to receive offers for its shareholders.
The Basque consortium – integrated by Clerkbil (investment group of the owner of Sidenor, José Antonio Jainaga), Finkatuz (Basque government) and the BBK and Vital Foundations – is willing to pay 177 million euros for that 29.77 % of TallGO, according to He , according to He communicated to the National Securities Market Commission (CNMV) on Thursday.
This figure would be subdivided into two sections: a fixed of 4.15 euros per title, equal to 153 million euros, and another variable of 0.65 euros, which represents another 24 million, subject to the fulfillment of certain conditions of certain financial size during exercises 2027 and 2028.
The sales process of Talgo started more than a year ago, with the sample of interest and the subsequent launch of a grandfather by the Hungarian Ganz Mavag (Magyar Vagon) to control 100 % of his capital for 620 million euros (5 euros per share) That was finally pronounced Veto in August by the Spanish director for reasons of national security.
From the outset, Spain has defended the arrival of national investors in Talgo to maintain the Spanish character of the company, so it supports Sidenor in his attempt to take 29.9 % of the manufacturer in the hands of the trilantic fund, without however , he resists the acceptance of the price offered.
The Polish company Pesa has also shown interest, which has not formalized an offer or has given details about which part of the capital wants to acquire.
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.
