José Antonio Jainaga It reduces its desire to take over Talgo and it will not need to acquire 29.9% of the capital to become the company’s first shareholder. Basque businessman sitting at the table maximum 100 million eurosas you know elEconomista.es From sources close to the operation. This will limit participation to a maximum of 20% The sale of shares will be allowed on condition that Trilantic, the current largest shareholder, agrees to sell its shares for the 4 euros per share offered by Sidenor’s chairman.
The future of Talgo’s shareholder structure will be one of the issues on the table at the meeting. The board of directors met this ThursdayThe British fund and its partners, the Abelló families (owning 3%) and Oriol (with 7%), will have to resolve other fronts opened by the company, and both will have to deal with it from a legal perspective. 170 million Renfe sanction; Operational delivery of new trains continues to be delayed due to insufficient production capacity.
So far, there has been an impasse due to a possible shareholding change of the train manufacturer. Lack of agreement with Javier Bañón’s fundThis monopolizes the negotiation. Owner of steel mill It became official in mid-October Purchase offer before the Council; But Delay in the delivery of documents required for the audit of the company The railway company infuriated Sidenor and last Sunday he threatened to walk away: “If the existing shareholders do not want us in Talgo, We will retreat so as not to waste time and energy“, spokespeople of the steel company stated: EFE.
Transport Minister Óscar Puente visited the Sidenor factory last week to publicly voice his support and pressure Trilantic to accelerate results. Moncloa aimed to resolve the issue before the end of the yearHowever, although he had wanted to leave Talgo for years, he encountered no rush from the British fund. To: Possible interest from Poland The proposal to prepare an offer of 5 euros per share as of January 1 was also added to this. Once the partners’ contract ends you will no longer be affiliated with Abelló and Oriol. In addition, the phrase “transfer” in the title deeds is eliminated and they are allowed to be sold freely in the market.
Basque bloc will get 30 percent of votes
The chairman of Sidenor, who even forwarded an offer for “all or part of the capital”, is part of the bloc and aspires to lead it. Investors from the Basque Country will make a joint bid for 29.9% To prevent the manufacturer from launching a takeover bid.
Along with Jainaga, they offered themselves as companions as long as certain conditions were met. Basque Governmentthrough public fund Finkatuz; And Vital Foundationheir to the former Álava savings banks. But this community of partners is not closed and from Pradales Executive (PNV) We continue to look for new partners This could strengthen the group’s financial and industrial profile. Among them BBK foundationThis week, it directly purchased 3% of CAF, which it previously owned indirectly through Kutxabank.
Basque Lehendakari recently reiterated his intention to enter Talgo, but did not want to give details by what percentage: “The Basque Government is ready to support an industrial project for Talgo, which includes guaranteeing its industrial viability. This implies roots This implies the attractiveness of core elements such as R&D&I units for roots and the social and financial center of a company like Talgo being in Euskadi.” Existing factory in Rivabellosa (Álava) becomes corporate and financial center His company would also cease to manage innovation if its Las Matas (Madrid) factory was at a loss.
