Spanish rolling stock manufacturer, Talgo has received a proposal from Škoda Transportation for “business combination and industrial integration.”
This follows an earlier take-over offer from Ganz-Mavag Europe Zrt, which bid 619 million EUR on 7 March 2024 to purchase all of Talgo’s shares.
In an official statement, Talgo confirmed that the current proposal from Škoda does not include an economic offer. The company is therefore seeking further information prior to consideration.
“We inform that the Company has received from Skoda a business combination and industrial integration proposal.
“As it does not contain an economic offer, the Company, in order to be able to assess further steps, has asked Skoda for detailed information about the proposal and, specifically, to indicate whether it involves the offer to the Company's shareholders of a consideration greater than that offered by Ganz-Mavag Europe Zrt in the takeover bid announced on March 7 and whether this would be satisfied in cash, as well as to explain its current industrial and financial capabilities.”
