SPAIN: A Basque consortium has submitted an offer to acquire a 29·8% stake in Talgo, and the Polish state investment fund which owns Pesa Bydgoszcz is to submit a separate proposal to acquire 100% of the Spanish rolling stock manufacturer. Indian group Jupiter Wagons is also reported to be interested in a bid.
Basque bid
A group of investors led by Clerbil and including Finkatze Kapitala Finkatuz, Fundación BBK and Fundación Vital have made a non-binding offer of €177m for 29·8% of Talgo’s share capital. This is…
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