Polish state-owned fund PFR has dropped its plan to bid for Spanish train manufacturer Talgo after the Spanish government opposed the move, Expansion newspaper reported on Thursday, citing unnamed market sources.
A spokesperson for Economy Minister Carlos Cuerpo declined to comment on whether the government opposed the Polish bid. Cuerpo told Polish newspaper Rzeczpospolita the government wanted future investors in Talgo to commit to keeping employment and production in Spain.
The PFR bid landed four days after a Basque consortium comprising shareholders of steelmaker Sidenor, the regional government and local bank Kutxabank had offered up to 4.80 euros per share for a 29.8% stake in Talgo.
The Polish fund was ready to pay 5 euros per Talgo share, Polish newspaper Dziennik Gazeta Prawna reported on Wednesday, matching the price offered last year by Hungarian consortium Ganz-Mavag.
The Spanish government in August blocked the Ganz-Mavag bid, saying it entailed risks to national security, public order and public health. It did not elaborate, though local media linked the government’s veto to concerns over Hungarian Prime Minister Viktor Orban’s close ties to Russia.
I for one think countries should do more stuff
But capital has no nationality, why spain blocks selling talgo to other eu state?😱
They would go bankrupt, and will buy Pesa or Newsy trains in the future..or bombardiers.
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Polish state-owned fund PFR has dropped its plan to bid for Spanish train manufacturer Talgo after the Spanish government opposed the move, Expansion newspaper reported on Thursday, citing unnamed market sources.
A spokesperson for Economy Minister Carlos Cuerpo declined to comment on whether the government opposed the Polish bid. Cuerpo told Polish newspaper Rzeczpospolita the government wanted future investors in Talgo to commit to keeping employment and production in Spain.
The PFR bid landed four days after a Basque consortium comprising shareholders of steelmaker Sidenor, the regional government and local bank Kutxabank had offered up to 4.80 euros per share for a 29.8% stake in Talgo.
The Polish fund was ready to pay 5 euros per Talgo share, Polish newspaper Dziennik Gazeta Prawna reported on Wednesday, matching the price offered last year by Hungarian consortium Ganz-Mavag.
The Spanish government in August blocked the Ganz-Mavag bid, saying it entailed risks to national security, public order and public health. It did not elaborate, though local media linked the government’s veto to concerns over Hungarian Prime Minister Viktor Orban’s close ties to Russia.
I for one think countries should do more stuff
But capital has no nationality, why spain blocks selling talgo to other eu state?😱
They would go bankrupt, and will buy Pesa or Newsy trains in the future..or bombardiers.
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