The Polish PFR Development Fund, to which it belongs, confirmed on Saturday its interest in Talgo, as well as its intention to present a proposal in the next few days that would mean the launch of an OPA over 100% of the capital of the Spanish manufacturer.
This announcement of the Polish group, made through a press release, comes after Pegaso, a company formed by the American Trilantic fund and the Abelló and Oriol families, confirmed last Thursday that studies an offer led by Sidenor to acquire 30% of Talgo for a price of between 4.15 and 4.80 euros per share, in this case without OPA.
The group considers that a possible offer by Talgo would represent an attractive European industrial consolidation project for the company and for Spain since it sees Talgo as an industrial company of great success, with a complementary portfolio and a unique technology that fits perfectly with that of Weighs, the largest manufacturer of rolling material in Poland.
As a shareholder potential, due to its long -term and stable profile, PFR plans to create a very long -term talgo value supporting growth and increasing the business scale, while maintaining the industrial capacity of the company and production in Spain .
In addition, PFR ensures that it would also provide a solution of great value for the current needs of Talgo in relation to industrial capacity, with the immediate expansion of its production capacity, while maintaining the current workload of its factories in Spain .
Likewise, the Polish adds that it could help Talgo go to a broader market and expand towards the growing region of central and eastern Europe, where important investments in high speed are expected, especially in Poland.
To this Race, according to PESA, the joint sale of high -speed rolling material in the markets of Central and Eastern Europe would benefit from the products of Talgo and their experience in approval and sales in that region.
Finally, PFR explains that he understands the importance, for Talgo and Spain, to preserve his Spanishity and would be open to consider maintaining his headquarters and industrial capacity in Spain, as well as his status as a company quoted in Spanish bags.
In fact, PFR remains open to cooperate with a potential minority Spanish coinversor and recognizes the relevance of the company’s Basque roots, so it will seek a fruitful collaboration with the community of the Basque Country after the possible transaction.
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