Basque consortium agrees to acquire Talgo stake

SPAIN: A Basque consortium has reached a commercial agreement for the acquisition of approximately 29·7% of the share capital of Talgo from largest shareholder Pegaso Transportation International.

The consortium comprises Clerbil, which owns steelmaker Sidenor, as well and financial organisations Finkatze Kapitala Finkatuz, BBK Banking Foundation and Vital Banking Foundation.

Pegaso Transportation International owns 40% of Talgo. Its backers include private equity investor Trilantic Capital Partners, the Oriol family and the Abelló family’s Torreal. The remainder of Talgo is in the hands of numerous smaller investors.

Th…