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The PNV has asked the Spanish Government to "stop hindering" the purchase of Talgo

The PNV spokesman in Congress has stated that "if the operation fails, it will be the Spanish Government that will have to explain to the Basques the causes of this failure". For its part, the Basque Government has stated that "it is up to the SEPI" to reconnect the situation of the Talgo and has asked the Spanish Government for "broad vision" and "flexibility".
Talgo EFE
Talgo. Stock Photo: EFE

A company led by Sidenor's president,José Antonio Jainaga , today called on the Spanish Government not to "hinder" the purchase of 29.8% of the company Talgo. Jeltzales have assured that the SEPI has "reversed" its initial commitment to contribute 150 million euros to this operation.

The PNV spokeswoman at the Congress, Maribel Cowboy, has stated in a statement that "if the operation fails, it will be the Spanish Government that will have to explain to the Basques the causes of this failure." "The situation can still be rectified, but there is no room to waste time," she added.

The PNV recalls that the Spanish Government, through the SEPI, initially committed itself to supporting the purchase and strengthening the company through a loan ofEUR 150 million .

Subsequently, the State proposed to split the operation into two so that the Spanish Government would take over the remaining 75 million and the Basque consortium led by Sidenor (in which the Basque public fundsFinkatuz and the BBK and Vital funds also participate).

The jeltzales deputies of Congress have denounced that the government of Pedro Sánchez isputting "obstacles" in the way of closing the purchase and recalled that this company is strategic for the Basque Autonomous Community.

Cowboy has called for the agreement to be concluded so that the company can release orders worth around EUR 4 billion and maintain its jobs.

Eusko Jaurlaritza

We call for broad vision and flexibility in the final straight of the operation.

For its part, the Basque Government has stated that "it is up to the SEPI" to reconnect the situation of the Talgo and has called on the Spanish Government to "take a broad view" and "flexibility" .

Sources from the department headed by Mikel Jauregi have stated today that the Basque Government "has been working for many months for the Basque Consortium to close the process." "We have fulfilled all our commitments and have taken all the necessary steps to reach the end of the process," they added.

They have specified that "it is now at the SEPI table" to meet the funding needs of the Talgo "to restore the previously agreed situation."

The Basque Government is 'optimistic' and hopes that 'all the actors involved will be able to raise the level so that Talgo can continue to be rooted and make the necessary investments to meet the demands'. 'We call for broad vision and flexibility in the final straight of the operation', they stress.

 

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