Talgo confirmed this Wednesday that it had received an expression of interest from the industrial group Sidenor to acquire all or part of the company’s capital. This is what the railway manufacturer put forward to the National Securities Market Commission (CNMV), following rumors that emerged this week which reported the interest of the president of Sidenor, José Antonio Jainaga, in entering in Talgo.
“The company informs that it received today a letter of expression of interest from the Sidenor industrial groupin which he says he is considering the total or partial acquisition of the share capital of Talgo”, indicates the press release sent to the CNMV. Thus, the Basque businessman adheres as a new option to resolve the industrial future of Talgo and would be already evaluating its possible entry into the company as an industrial partner.
For its part, Talgo shares continued on Wednesday the upward path started on Tuesday, following the publication of the first information which once again gave a boost to the company’s situation to increase its industrial capacity. Specifically, recorded an increase of 4.9%at 3.64 euros per share, thus reaching the highest levels observed at the beginning of September, although still far from the 5 euros proposed by the Hungarian group Magyar Vagon to take over 100% of the company.
The search for an industrial partner has been worked on in recent months in the Basque Country, where Talgo has a factory in Rivabellosa (Alava), with a workforce of nearly 700 workers, not counting temporary workers and auxiliary companies who work for the company. business. . The company employs almost 2,500 direct workers throughout Spain.
The Basque institutions themselves, the Basque Government and the Provincial Delegation of Alava, have confirmed that they are working in a coordinated manner to help in the search for a partner, with the aim of promoting a project that allows the investments to be made planned. to guarantee, not only the continuity of Talgo, but also the orders to be faced in the future.
