Trilantic Seeks Offers for Talgo by Mid-February Amid 29.9% Stake, Basque Government Interest, and Sidenor Involvement

The ongoing negotiations regarding the potential acquisition of Talgo are entering a critical phase, with a deadline set for mid-February. Trilantic, which holds a 29.9% stake in Talgo, is seeking offers as it navigates the competitive landscape. The Basque Government has expressed a strong interest in ensuring that the train manufacturer remains rooted in Euskadi, emphasizing its strategic importance. The lehendakari has met with Talgo's president amid these discussions, and there are indications that the Polish fund PFR may allow for the Basque Government's involvement in the acquisition process. Additionally, the Basque Government is working to secure the sale of Talgo to Sidenor, amid increasing pressure from Polish investors to assert their bid.