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TALGO
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Talgo is on the stock market after the Spanish Government confirmed that it will join the SEPI purchase operation

Talgo shares have risen by about 3% on the Madrid stock exchange this morning, but the subsequent rise has moderated to 2.83%, with the price of each stock at 3.09. 

Talgo EFE
A Talgo train manufacturer plant. Stock Photo: EFE

EITB

Updated

Talgo shares rose by about 3% this morning on the Madrid Stock Exchange, after the Spanish Government gave the green light to the $75 million placement of SEPI public companies in the company.

Two hours after the session, Talgo shares are the seventh most rising in the market. However, the early morning rise has moderated to 2.83%, with the price of each  at 3.09. 

Around 11:00, the selective Spanish (IBEX 35) lost 92.6 points (0.64%) to 14,256.9 points. 

Jáuregui hopes that "within two months" the Talgo Shareholders Board will approve the operation and complete the process.
The State will allocate $75 million to Talgo, with a 7.8% share through the SEPI.
Industry Entrepreneurs Álava The Spanish Government The Basque Government Stock Exchange

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