Spain's stock market regulator halts trading in Talgo shares
Published by Global Banking and Finance Review
Posted on February 6, 2025

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on February 6, 2025

(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)