Published by Global Banking & Finance Review®
Posted on February 7, 2025
1 min readLast updated: January 26, 2026
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Jupiter Wagons and PFR are preparing offers for Talgo, competing with a Basque consortium's bid for a 29.8% stake in the Spanish train maker.
MADRID (Reuters) - India's train maker Jupiter Wagons and Poland's state-owned investment PFR are readying two separate offers for Spanish train maker Talgo, news website El Confidencial reported on Friday, citing unidentified sources with knowledge of the matter.
Both companies are readying public tender offers for all the shares of Talgo, El Confidencial reports.
The two bids would rival the offer filed on Thursday by a Basque consortium comprising shareholders of steelmaker Sidenor, together with the regional government and local bank Kutxabank, for a 29.8% stake in Talgo at up to 4.80 euros ($4.98) a share.
Jupiter and PFR, which owns Polish train maker Pesa, did not immediately respond to requests for comment.
($1 = 0.9632 euros)
(Reporting by Inti Landauro and Marta Serafinko; editing by David Evans)
Jupiter Wagons from India and Poland's state-owned investment PFR are preparing separate offers for Talgo.
The Basque consortium is aiming to acquire a 29.8% stake in Talgo.
No, Jupiter and PFR did not immediately respond to requests for comment.
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