The Basque consortium led by Sidenor has become the winner of the race for Talgo and has closed the purchase of 29.7% of the capital that Trilantic controls in the Spanish trains manufacturer Talgo. The Consortium formed by Clerbil -investment cleft of José Antonio Jainaga, owner of Siderno -, Finkatuz -investment fund of the Basque Government -and the BBK and vital foundations has taken the ‘Gordo Prize’ and will control that part of the actions.
For its part Torreal, The investment firm of the Abelló family has definitively left Pegasus, the company in which it shared 40% of the capital of Talgo with Trilantic and the Oriol family through a parasocial pact, which has allowed it to emerge its 3.5% directly. The break has been carried out, according to Europa Press, through an exchange of titles with the firm’s own motor. In December 2024 he won a parasocial pact and was expected that each of the members of the same continue their way in Talgo separately, as the news agency of the Market sources informed the news agency.
This operation was carried out on Thursday, February 13, a day before The term that Trilantic gave To receive purchase offers of 29.7% that this fund has within Pegasus, which could facilitate the sale, since part of that parasocial pact is already broken and directed the supply of Sidenor only to 29.8% of Trilantic.
According to the records of the National Securities Market Commission (CNMV), Pegasus continues for Trilantic and the Oriol family (founders of Talgo), but now with 37.5% of the capital compared to the previous 40%, having left Torreal. It is 2.5% less, in contrast to the 3.5% that Abelló’s signature has emerged, a difference that responds to the different value that the exchanged motor actions have.
Talgo Board of Directors
José María Oriol Fabra, Non -Executive Vice President of the Company, joined this Friday to the departures of the company’s board of directors. Who was CEO of the Train manufacturer between 2022 and 2021 until Gonzalo Urquijo relieves to lead the company, he said goodbye to the Council arguing “personal motifs.”
Last Tuesday, the counselors of Talgo Francisco Javier Bañón and Javier Fernando Olascoaga, both with a category of Sundays and on behalf of Trilantic, also presented their “irrevocable” resignation as members of the Talgo Board of Directors for the sale of Pegaso’s participation .
The Sunday counselor also presented his resignation Pedro Manuel del Corro García-Lomasin this case on behalf of Torreal, the investment firm of businessman Juan Abelló, to avoid a conflict of interest when he was at that time within Pegasus.
As vowels of the Council are John Charles Pope (Counselor of The Kraft Heinz Company), Emilio novel (Counselor in Merlin Properties), Marisa Poncela (former Secretary of State for Commerce between 2016 and 2018 and International Director of Renfe until 2020) and Antonio Oporto (general secretary of the Circle of Entrepreneurs).
After the departure of Oriol, the Council of the Railway Group is composed of Carlos de Palacio y Oriol (Executive President), Gonzalo Urquijo (Executive CEO), John Charles Pope (Independent), Emilio Novel (Independent), Marisa Poncela (Independent) , Antonio Oporto (Independiente), María José Zueco (Secretary No Counselor) and Mario Álvarez (vice -secretary non -advisor).
There is the circumstance that this movement occurs a day after knowing that the government stopped the offers that prepared the PFR Public Fund and the Indian Railway Jupiter Wagons for Talgo before its incontestable support for the Basque Consortium led by Sidenor, which in the end The operation has been taken.
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