Published by Global Banking & Finance Review®
Posted on February 6, 2025
1 min readLast updated: January 26, 2026
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CNMV halts Talgo trading amid Sidenor's acquisition talks. Sidenor may offer 4.80 euros per share for a 29.9% stake. Previous offers were blocked.
(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 article discusses the suspension of Talgo share trading by CNMV amid Sidenor's potential takeover.
Sidenor is a Basque steel company reportedly in talks to acquire a stake in Talgo.
Trading was halted by CNMV following reports of Sidenor's potential acquisition of Talgo shares.
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