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Home > Finance > India's Jupiter, Poland's PFR ready offers for Spanish train maker Talgo, El Confidencial reports

Finance

India's Jupiter, Poland's PFR ready offers for Spanish train maker Talgo, El Confidencial reports

Published by Global Banking and Finance Review

Posted on February 7, 2025

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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)

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