Talgo is up 9.7% on the stock market after Sidenor bought 30% of the company
Talgo's listing has been suspended for about an hour at Friday's session, before the company informed the National Securities and Exchange Commission that Sidenor has purchased that stock package.
Talgo rose 9.7% on the Spanish stock exchange this Friday, the largest upturn in theSpanish market, after the consortium chaired by Sidenor closed the purchase of 29.76% of the company for 156 million euros.
At the closing of the stock exchange, the value of each Talgo stock has risen by 0.26 euros, 9.7%, to 2.94 euros.
Talgo's listing has been suspended for about an hour at this session, before the company informed the National Securities and Exchange Commission that Sidenor has purchased this shareholder package, which, when it resumed negotiations, has risen by about 12%.
The consortium led by the metal company Sidenor, together with the Basque foundations BBK and Vital and the public fund Finkatuz, has closed the purchase of 29.76% of Talgo for 156.67 million euros at a price of 4.25 euros per share, 10 cents more than agreed last February.
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