Finance
Spain's stock market regulator halts trading in Talgo shares
Published by Global Banking & Finance Review®
Posted on February 6, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 6, 2025
1 min readLast updated: January 26, 2026
The CNMV has halted trading in Talgo shares amid reports of Sidenor's potential acquisition. Sidenor plans to offer 4.80 euros per share for a 29.9% stake.
(Reuters) - Spanish stock market regulator CNMV suspended trading in shares of train maker Talgo on Thursday after several media reports that the Basque steel company Sidenor is preparing a takeover.
Sidenor opened talks about the possible acquisition of a stake in Talgo in October.
Newspaper Cinco Dias said Sidenor was planning to offer up to 4.80 euros ($4.98) per share for a 29.9% stake in Talgo that is currently held by investment fund Trilantic.
Sidenor declined to comment. Talgo and Trilantic did not immediately respond to requests for comment.
The Spanish government in August blocked a 5 euro per share offer made by Hungarian consortium Ganz-Mavag for Talgo.
($1 = 0.9644 euros)
(Reporting by Marta Serafinko in Gdansk, editing by Inti Landauro, Kirsten Donovan)
The main topic is the suspension of Talgo shares trading by CNMV due to Sidenor's potential acquisition of a stake in the company.
Trading was halted following media reports of Sidenor's interest in acquiring a 29.9% stake in Talgo.
Sidenor is a Basque steel company reportedly interested in acquiring a stake in train maker Talgo.
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