Spain: The next three months will be spent waiting for the acquisition to be authorised by the national government.
Ganz-MaVag informed the Spanish National Securities Market Commission, CNMV, of its intention to buy all the shares in the manufacturer in March together with the Hungarian state foundation to support foreign investments Corvinus. It has been reported that the major investment companies Trilantic and Torreal, which together own 40% of Talgo, have agreed to the deal.
The Spanish government has expressed its opposition to the proposal put forth by the Hungarian manufacturer. Oscar Puente, the national transport minister, has stated that he will do everything in his power to prevent the deal from going through. Later, it was revealed that Trilantic was engaged in negotiations with Stadler, which has production facilities in Spain. The Catalonia-based banking foundation La Caixa is also prepared to make a counteroffer.
