Editorial & Advertiser disclosure

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.

Home > Finance > Talgo posts net loss of 108 million euros due to Renfe penalty

Finance

Talgo posts net loss of 108 million euros due to Renfe penalty

Published by Global Banking and Finance Review

Posted on February 28, 2025

Featured image for article about Finance

(Reuters) - Spanish train maker Talgo posted a full-year net loss of 107.9 million euros on Friday, dampened by a 116 million euro penalty imposed by state-owned railway company Renfe following delivery delays.

The firm had reported a net profit of 12.2 million euros a year earlier

Basque steel maker Sidenor earlier this month agreed to buy 29.7% of Talgo, bringing an end to months of rival bids for a stake in the company.

(Reporting by Ana Cantero in Madrid and Mireia Merino and Marta Serafinko in Gdansk; Editing by Kirsten Donovan)

More from Finance

Explore more articles in the Finance category

UK retailers report fall in sales ahead of Christmas, CBI says

A Santa rally? Investors hope for year-end gains to cap strong 2025

S&P 500, Nasdaq futures inch up on tech rebound, Nike slumps on China pain

French authorities set new conditions on Nestle's Perrier production

Prince Harry and Meghan to revamp Archewell charitable arm

Gaza no longer in famine after aid access improves, hunger monitor says

Ukraine clinches deal to restructure $2.6 billion in 'toxic' GDP warrants

UK welcomes EU funding agreement for Ukraine

Canton Zurich urges government to soften UBS capital requirements plan

Ukraine hits Russian 'shadow fleet' tanker in Mediterranean

Explainer-How the EU's $105 billion loan to Ukraine will work without frozen Russian assets?

UK imposes sanctions on perpetrators of violence against Syrian civilians

View All Finance Posts