MADRID, 9 Feb. (EUROPA PRESS) –
The National Securities Market Commission (CNMV) has kept Talgo’s trading suspended this Friday morning, waiting for the company to provide more information on the possible Public Acquisition Offer (OPA) of a Hungarian group on the 100% of the company.
Sources from the regulator have explained to Europa Press that the return to normality in its price will initially be subject to the train manufacturer providing more information in this regard through an inside information communication.
For their part, sources close to the company assure that as of Thursday afternoon the company had not yet received any communication from the potential buyer.
Around 4:00 p.m. on Thursday, the CNMV decided to suspend Talgo’s trading on a precautionary basis and with immediate effect after its shares on the stock market had suddenly skyrocketed by 10% due to rumors of a takeover bid.
Last November, the train manufacturing company confirmed the interest that a Hungarian business group (Magyar Vagon) had expressed in acquiring 100% of the company at a price of 5 euros per share.
Before the price skyrocketed, Talgo shares were worth 4.4 euros, far from the 5 euros that Magyar Vagon would pay to take over the company, so the shares reached 4.78 euros before trading was suspended. .
When this possible operation came to light in November, Talgo was trading at 3.9 euros and the same situation occurred, its shares skyrocketed to 4.4 euros, since the premium up to 5 euros reached 27.7%, and the CNMV suspended it for a few hours.
The purchase of Talgo for 5 euros per share would mean valuing 100% of the company at around 617 million euros. The company’s main shareholder is the Trilantic investment fund.
For its part, Magyar Vagon, owned by businessman András Tombor, operates the train manufacturing company DJJ, which it bought in 2020. If the bidding season opens, the Basque CAF would also be a good bidder for Talgo.
