Tag #Talgo

Showing 13 to 21 of 21 results

elmundo.es

🌐 85% Global Worthiness

Feb 8, 19:10

Polish Fund Launches Bid to Acquire 100% of Talgo

The Polish Development Fund (PFR) announced a bid to acquire 100% of Talgo, a Spanish train manufacturer, competing with a Basque consortium's offer for a smaller stake. PFR aims for a full takeover, highlighting potential synergies with its subsidiary Pesa and promising to maintain Talgo's Spanish ...

Polish Fund Launches Bid to Acquire 100% of Talgo

The Polish Development Fund (PFR) announced a bid to acquire 100% of Talgo, a Spanish train manufacturer, competing with a Basque consortium's offer for a smaller stake. PFR aims for a full takeover, highlighting potential synergies with its subsidiary Pesa and promising to maintain Talgo's Spanish ...

Progress

44% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate implications of the Polish Development Fund's (PFR) bid to acquire 100% of Talgo?

The Polish Development Fund (PFR), owner of train manufacturer Pesa, announced a bid to acquire 100% of Spanish train maker Talgo. This counters a competing offer from a Basque consortium, led by Sidenor, for only 29.7% of Talgo. The PFR offer, if successful, would change the ownership structure significantly.

elmundo.es

🌐 85% Global Worthiness

Feb 5, 22:12

Sidenor Raises Talgo Bid to €4.8 per Share

Sidenor raised its offer to buy 29.9% of Talgo to €4.8 per share, up 20% from its initial bid, after the Spanish government blocked a Hungarian firm's takeover attempt. The deal involves Basque government funds, potential SEPI participation, and Talgo's headquarters moving to Álava.

Sidenor Raises Talgo Bid to €4.8 per Share

Sidenor raised its offer to buy 29.9% of Talgo to €4.8 per share, up 20% from its initial bid, after the Spanish government blocked a Hungarian firm's takeover attempt. The deal involves Basque government funds, potential SEPI participation, and Talgo's headquarters moving to Álava.

Progress

40% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the immediate impact of Sidenor's revised offer on Talgo's ownership and future?

Sidenor, a Basque government-backed industrial group, raised its offer to purchase 29.9% of Talgo to "4.8 euros per share", a 20% increase from its initial bid. This follows the Spanish government's rejection of a previous offer from GanzMaVag. The deal includes relocating Talgo's headquarters to Álava and potential involvement from SEPI.

cincodias.elpais.com

🌐 85% Global Worthiness

Jan 10, 10:08

Spain Seeks Swift Deal to Save Talgo Train Manufacturer

The Spanish government is racing against time to broker a deal between Sidenor and Trilantic Capital Partners to acquire the Spanish train manufacturer Talgo within the next 21 days, aiming to prevent a potential sale to foreign entities and safeguard 2,500 jobs.

Spain Seeks Swift Deal to Save Talgo Train Manufacturer

The Spanish government is racing against time to broker a deal between Sidenor and Trilantic Capital Partners to acquire the Spanish train manufacturer Talgo within the next 21 days, aiming to prevent a potential sale to foreign entities and safeguard 2,500 jobs.

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What immediate actions is the Spanish government taking to address Talgo's crisis and what are the potential consequences of failure?

The Spanish government is actively mediating a deal to prevent Talgo, a Spanish train manufacturer, from failing due to overwhelming orders it cannot fulfill. A deal with Sidenor, a Spanish steel company, is prioritized to maintain Spanish ownership and decision-making, preventing a potential sale to foreign entities like those from Poland or India.

elmundo.es

🌐 75% Global Worthiness

Dec 27, 22:09

Basque Leaders Urge Blockage of Talgo Sale to Polish Firm

Presidents of Empresarios Alaveses SEA and the Álava Chamber of Commerce urged Spain and the Basque government to prevent Talgo's sale to Polish state-owned Pesa, fearing job losses and the relocation of 400 Basque suppliers; Sidenor's bid is stalled, and Trilantic is delaying its decision amidst a ...

Basque Leaders Urge Blockage of Talgo Sale to Polish Firm

Presidents of Empresarios Alaveses SEA and the Álava Chamber of Commerce urged Spain and the Basque government to prevent Talgo's sale to Polish state-owned Pesa, fearing job losses and the relocation of 400 Basque suppliers; Sidenor's bid is stalled, and Trilantic is delaying its decision amidst a ...

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the underlying causes of Trilantic's delay in deciding on a buyer for its Talgo stake?

The Basque government has actively sought to keep Talgo within the region, offering to invest in exchange for relocating its headquarters and innovation center to Álava. However, this initiative is complicated by Trilantic's indecision, which has led to a bidding war involving Sidenor, Pesa, and Skoda. The Spanish government previously vetoed a sale to Magyar Vagon due to national security concerns, but this option is currently off the table.

cincodias.elpais.com

🌐 85% Global Worthiness

Dec 12, 07:09

Sidenor's €4 per Share Offer for Talgo Faces Government Backing and Renfe Penalty

Sidenor offered €4 per share for a 29.9% stake in Talgo, facing challenges from a Renfe penalty and Trilantic's higher expectations; the Spanish government backs Sidenor to keep Talgo under Spanish control.

Sidenor's €4 per Share Offer for Talgo Faces Government Backing and Renfe Penalty

Sidenor offered €4 per share for a 29.9% stake in Talgo, facing challenges from a Renfe penalty and Trilantic's higher expectations; the Spanish government backs Sidenor to keep Talgo under Spanish control.

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the immediate impact of Sidenor's offer on Talgo's ownership and future?

Sidenor, a Basque investor, offered €4 per share to acquire a 29.9% stake in Talgo, 20% below a previous blocked offer. This cash offer, while lower than Trilantic's expectations, is the only one since summer. A €116 million penalty from Renfe to Talgo for delayed train deliveries further complicates the situation.

cincodias.elpais.com

🌐 85% Global Worthiness

Feb 7, 10:07

Basque Group Bids for Talgo Stake, Foreign Investors Eye Acquisition

A Basque investor group is offering to buy almost 30% of Talgo for up to €177 million, potentially leading to the departure of current major shareholder Trilantic, with the possibility of further investment by the Spanish state and a future merger with CAF.

Basque Group Bids for Talgo Stake, Foreign Investors Eye Acquisition

A Basque investor group is offering to buy almost 30% of Talgo for up to €177 million, potentially leading to the departure of current major shareholder Trilantic, with the possibility of further investment by the Spanish state and a future merger with CAF.

Progress

60% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the immediate impact of the Basque investor group's bid on Talgo's ownership and future?

Trilantic, the main shareholder of Talgo, and its partners are seeking to sell their stake in the train manufacturer. A Basque investor group is offering €4.15 per share plus a potential €0.65 contingent on meeting business targets by 2028, totaling up to €177 million for the sellers, who would retain over 10% of Talgo. This is below Trilantic's desired €5 per share.

cincodias.elpais.com

🌐 75% Global Worthiness

Feb 3, 13:11

Basque Government Competes for Talgo Stake Amidst Industrial Job Concerns

The Basque Government, through its investment fund Finkatuz, is vying to become a minority shareholder in Talgo, competing with Polish fund PFR and Indian firm Jupiter Wagon for a 29.9% stake held by Trilantic; this follows the recent closure of Guardian factory in the Basque Country, prompting a fo...

Basque Government Competes for Talgo Stake Amidst Industrial Job Concerns

The Basque Government, through its investment fund Finkatuz, is vying to become a minority shareholder in Talgo, competing with Polish fund PFR and Indian firm Jupiter Wagon for a 29.9% stake held by Trilantic; this follows the recent closure of Guardian factory in the Basque Country, prompting a fo...

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate implications of the Basque Government's pursuit of a minority stake in Talgo?

The Basque Government aims to become a minority shareholder in Talgo through its investment fund, Finkatuz, to secure the company's presence in the Basque Country. Their preferred partner is Sidenor, a Basque steel company bidding for a 29.9% stake currently held by Trilantic Capital. However, they face competition from Polish and Indian firms.

elmundo.es

🌐 85% Global Worthiness

Jan 2, 07:07

Renfe Suspends All Talgo Avril Trains Due to System Failure

Due to a communication system failure, Renfe suspended all 28 Talgo Avril high-speed trains on January 1st, 2025, affecting 14,100 passengers and causing over €700,000 in immediate refund costs; this failure adds to Renfe's existing punctuality problems caused by Talgo's delays.

Renfe Suspends All Talgo Avril Trains Due to System Failure

Due to a communication system failure, Renfe suspended all 28 Talgo Avril high-speed trains on January 1st, 2025, affecting 14,100 passengers and causing over €700,000 in immediate refund costs; this failure adds to Renfe's existing punctuality problems caused by Talgo's delays.

Progress

56% Bias Score

ShareSaveArticle

Industry, Innovation, and Infrastructure

12345678

Previous 1 of 8 Next

How did the Talgo Avril train's performance impact Renfe's punctuality and operational costs in 2024?

The Avril train failures exacerbate Renfe's punctuality issues, dropping below 86 percent even before the Talgo trains were introduced. This failure highlights the ongoing conflict between Renfe and Talgo, stemming from significant delays in Avril deliveries and resulting service disruptions, costing Renfe over €700,000 in refunds alone for this single incident.

cincodias.elpais.com

🌐 85% Global Worthiness

Dec 13, 13:13

Renfe Demands €166 Million from Talgo Over Delayed High-Speed Trains

Renfe demands €116 million from Talgo for delays in delivering high-speed trains, plus €50 million for lost revenue, citing contract breaches and operational issues; Talgo counters with force majeure claims, impacting its investor search and stock price.

Renfe Demands €166 Million from Talgo Over Delayed High-Speed Trains

Renfe demands €116 million from Talgo for delays in delivering high-speed trains, plus €50 million for lost revenue, citing contract breaches and operational issues; Talgo counters with force majeure claims, impacting its investor search and stock price.

Progress

40% Bias Score

ShareSaveArticle

Industry, Innovation, and Infrastructure

12345678

Previous 1 of 8 Next

What are the immediate financial implications of Renfe's lawsuit against Talgo?

Renfe, Spain's public railway operator, is demanding €116 million from Talgo for delays in delivering 30 high-speed Avril trains, plus an additional €50 million for lost revenue. This follows significant technical issues experienced with the trains after their launch. Legal action is imminent.

Showing 13 to 21 of 21 results