Entrepreneurs
The Basque consortium led by Sidenor and the SEPI have joined Talgo after two years of negotiations
The change of shareholder of Talgo has been signed by the Basque consortium (Sidenor, Finkatuz - Basque Government - and Vital) and the public company under the Spanish Government for Industrial Holdings (SEPI), as well as the return of the group's registered office and tax office to Rivabellosa (Álava).
Talgo has agreed with operator Deutsche Bahn to reduce the supply contract for model 230 from 79 to 60 trains
This agreement includes reducing the scope of manufacturing from 79 to 60 trains, but maintaining a framework contract that would extend demand to 100 trains, while at the same time incorporating a new long-term review and maintenance contract, as well as adjusting the project timetable, among others.
The Government grants the shipyard Balenciaga another ten years' leave to continue its maritime activity
The Department of Food, Rural Development, Agriculture and Fisheries has announced that it will relinquish a plot of 22,400 square metres of land, the use of which has been limited by the Government to the construction and repair of ships. The Balenciaga shipyard has 10 days to pay for this authorization or to make allegations.
The EU will impose a rate of EUR 3 from July on purchases made on the Shein and Temu platforms
The final tariff reform planned for 2028, with which the EU intends to put an end to the exemption from tariffs on products worth less than EUR 150, will remain in force until the entry into force of the final tariff reform.
The Talgo Assembly has approved the capital expansion and the entry of Sidenor and SEPI, including the Basque Government
The company will "soon" formalize the acquisition of 29.76% of the company by the Basque consortium chaired by Sidenor. The SEPI will provide EUR 45 million to control 7.8% of the capital, EUR 4.25 per share, with a capital increase.
The Extraordinary Talgo Assembly will vote today on the agreement for the purchase of the company by the Basque consortium chaired by Sidenor
Sidenor, together with the BBK and Vital foundations and the public fund of the Basque Government Finkatuz, will take 29.76% of the company at $156.67 million, at a price of 4.25 euros per share.
Pradales has stated that the Basque Government is working to attract four business projects to the Basque Country
The President has pointed out that there is a new "era of continuous change" at the global level that leads to "unprecedented instability," and believes that the answer is "to activate one's capabilities, set a higher pace, and join forces," while advocating "attracting foreign investment."
The Balenciaga Shipyard Works Council has submitted a counter-proposal to the Abu Dhabi Ports Group
The mayor of Zumaia has expressed concern about the trading conditions of the Balenciaga shipyard
Iñaki Ostolaza asks that the working conditions of the workers be the same as those established by the judge to close the sale valued at 11.2 million euros, but with the Works Council the approval is necessary.
Balenciaga shipyard has signed a sales protocol with the Arab company Abu Dhabi Ports
The Works Council has not yet approved the sale, as EITB Media has learned. The agreement has been signed following intense negotiations this weekend.
Activists have chained themselves to the CAF entrance in Beasain to denounce him as an "accomplice to the Israeli occupation"
The Global Movement for Gaza platform has denounced that the involvement of CAF goes beyond the manufacture of trains and is "part of the same colonial project." "CAF not only builds on occupation: it makes it possible every day. Every contract in Israel is a blood-stained contract," they say.
The consortium of the Basque Government, BBK and Kutxabank has submitted an offer to buy Ayesa
The Industry Advisor, Mikel Jauregi, has sent a message of tranquillity to the workers and customers of Ayesa (formerly Ibermatica) in the hope that the company will improve if the offer of the Basque Consortium is the winner.
The Basque Country's Food and Gastronomy Plan aims to gain dimension in the sector
The plan envisages mobilising EUR 2.6 billion by 2030, of which EUR 650 million would be public investment and EUR 1.95 billion would be induced private investment, with the aim of working together between producers, companies, associations, technology centres, universities and administrations.
The Servinabar company, linked to Cerdán, received 2% of the awards obtained through Acciona
The latest report from the UCO unit of the Civil Guard also states that Sevinabar made payments to several members of Cerdán's family through payroll, rental of homes or credit cards.
Sidenor's president and two directors have shown the judge evidence that sales to Israel were made in compliance with the law
Examining magistrate Francisco de Jorge investigates whether Sidenor illegally sold steel to the company Israel Military Industries, and three senior officials of the company have declared themselves under investigation.
Talgo will hold a shareholders' meeting on December 12 to confirm the entry of the Basque consortium chaired by Sidenor
Shareholders will approve Sidenor's purchase of 29.77% of Talgo following the agreement reached on November 7 with Pegasus.
Three directors of Sidenor will testify on Wednesday at the National High Court on charges of selling steel to Israel
The AN judge is investigating whether Sidenor illegally sold steel to Israeli Military Industries, whose president, José Antonio Jainaga, and two other senior officials are charged with smuggling and complicity in crimes against humanity.
With EUR 65 million, the Indartu fund is already in place to finance transformative investments in the Basque Country
The consortium led by Sidenor has closed the purchase of 29.76% of Talgo for 156 million
As a result of this operation, the National Securities and Exchange Commission has temporarily suspended the railway company's listing.
Who are the five Basques on the list of the richest in Forbes?
Donostiarra Daniel Mate, linked to Glencore, heads the Basque delegation on the Forbes list, followed by the De Urrutia, Ybarra, Arregui and steel entrepreneur José Antonio Jainaga, who despite the stock exchanges have maintained the weight of the rich in the Basque Country on the economic map of the state.