Ganz-Mavag Europe Zrt. has made a public offer of EUR 620 million for the takeover of the Spanish railroad company Talgo.
If Ganz-Mavag acquires at least 50% + 1 vote in the shares of Talgo, a share price of EUR 5 will apply for the takeover. The traditional Hungarian company wants to retain all business activities at the current headquarters of the Spanish company as well as the jobs. The aim is to exploit synergy effects in order to further strengthen Talgo globally.
Last year, the Talgo Group was once again able to achieve a double-digit profit on sales of over EUR 650 million.