The Hungarian group Ganz-Mavag Europe has announced a public bid to acquire 100% of the shares of the Spanish rail vehicle manufacturer Talgo. The bid amounts to approximately €5 per share, totalling €619 million. This intention has been notified to the Spanish National Securities Market Commission (CNMV). In February 2024, Ganz-Mavag has already confirmed takeover negotiations. Pegaso Transportation International, a shareholder of Talgo, has indicated its intention to accept the bid for its entire stake. Talgo is reviewing the takeover bid and will evaluate it based on four key factors: maintaining jobs and industrial capacity in Spain, keeping the headquarters and management team in Spain, protecting Talgo's intellectual property and patents, and ensuring the best option for all shareholders and stakeholders. The Spanish government has expressed concerns about the proposed acquisition as Talgo plays an important role in the strategic rail transport sector.
