The consortium led by Sidenor seals the purchase of 29.76% of Talgo for 156 million
The Basque consortium headed by the steel company Sidenor, together with the BBK and Vital foundations and the Finkatuz public fund, has finally sealed the purchase of 29.76% of Talgo for 156.67 million euros. They will thus pay 4.25 euros per share of the train manufacturer, ten cents more than what they had set last February.
The consortium acquires that percentage of the company from the instrumental Pegaso, of which the Trilantic fund and part of the Oriol family, founders of the company, are part. After announcing the acquisition to the National Securities Market Commission (CNMV), the markets regulator has decided to suspend Talgo’s securities when they were trading at 2.71 euros (they had closed at 2.68 euros the previous session).
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