Basque Consortium Postpones Entry Into Talgo by One Month to Unblock Financing of €116 Million Fine Imposed by Renfe

Basque consortium postpones entry into Talgo by one month to unblock financing of €116 million fine imposed by Renfe

The Corner Renta 4 | According to press reports, the Basque consortium formed by Sidenor, the Basque government and the BBK and Vital foundations has not formalised its entry into Talgo’s capital within the deadline set, opening a one-month extension to close the deal. The main problem is obtaining financing to structure the operation since Renfe imposed a €116 million fine on Talgo for delays in the delivery of AVRIL trains. The...

Consenso del Mercado Renta 4 According to the press, the Basque consortium formed by Sidenor, the Basque government and the foundations BBK and Vital has not formalized its entry into the capital of Talgo within the deadline foreseen by which an extension of one month is opened to close the operation. The main problem is to obtain the financing to structure the operation since the imposition of the fine of 116 million euros imposed by Renfe to …

The Basque consortium negotiating the purchase of 29.7% of Talgo's shares continues working to successfully complete a transaction as quickly as possible. According to estimates made last week by the Basque Government's Department of Industry, the financial aspect, the most difficult to reach so far, could be finalized by the end of the month.

The Basque consortium negotiating the purchase of 29.7% of Talgo's shares continues working to successfully complete a transaction as quickly as possible. According to estimates made last week by the Basque Government's Department of Industry, the financial aspect, the most difficult to reach so far, could be finalized by the end of the month.