The dismissal of these three counselors is produced in full battle for offers to acquire the train manufacturer.
The TallGO directors Francisco Javier Bañón and Javier Fernando Olascoaga – both with the Sounds category – presented them dismissal “Irrevocable” as members of the board with immediate consequences, as reported on Tuesday the train manufacturer of the National Securities Market Commission (CNMV). Both drivers have expressed their dismissal for the sale of Pegaso’s participation in Talkgo, “circumstance that has motivated their decision”, the company has recognized.
Pegasus sources have explained that the resignation of their directors has been done Avoid conflicts of interestBecause Sidenor’s offer for Talkgo is aimed at acquiring part of the participation of Pegaso. Since this offer will have to be discussed in the Talk File Council, the sources have indicated that they, who are leaving the council, avoid such a conflict of interest.
Similarly, Talkgo has reported that on Monday the also Sunday adviser Pedro Manuel del Corro García-Lomas also presented his resignation.
In view of this situation, the Talgo of Directors has confirmed to the CNMV that “it will take the necessary measures to evaluate the reconfiguration of the administrative body and to guarantee continuity in the management of the company.”
The dismissal of these three counselors is produced in full battle for offers to acquire the train manufacturer.
Yesterday, the Polish State Fund, owner of the Pesa Rail manufacturer, confirmed to the CNMV, his interest in presenting an offer in the company in the coming days, if authorized by the administrative bodies.
Last week, the Basque Industrial Group also formulated an offer to take 29.8 % of Talgo’s capital for an amount of a maximum of 177 million euros, that is to say up to 4.8 euros per share, in the case of achieving certain Growth motifs now included in his strategic plan in the coming years. Sidenor is accompanied by the Basque government, BBK and Vital.
In this context there is also the potential offer that the Indian manufacturer Jupiter Wagons could increase in the arrival
The origin of this struggle for offers arises after the desire of the most important shareholders of Talgo, mainly the British Triler Fund – with 29.8% of the capital – to sell their positions in TallGO.
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.
