MADRID, Feb. 8 (EUROPA PRESS) – The National Securities Market Commission (CNMV) has suspended the trading of Talgo on a precautionary basis and with immediate effect after its shares on the Stock Market suddenly skyrocketed by 10% due to rumors of an Offer Public Acquisition (OPA).
Last November, the train manufacturing company confirmed the interest that a Hungarian business group had expressed in acquiring 100% of the company at a price of 5 euros per share.
This Thursday, information published by ‘El Confidencial’ suggests that this Hungarian company (Magyar Vagon) is already finalizing this operation. Immediately, the Spanish company’s shares began to rise on the stock market.
Given these rumors, the CNMV has decided to suspend its listing, at least while the company prepares the launch of a new inside information in which it provides more information on the matter.
Before the price skyrocketed, Talgo shares were worth 4.4 euros, far from the 5 euros that Magyar Vagon would pay to take over the company, so the shares reached 4.78 euros before trading was suspended. .
When this possible operation came to light in November, Talgo was trading at 3.9 euros and the same situation occurred, its shares skyrocketed to 4.4 euros, since the premium up to 5 euros reached 27.7%, and the CNMV suspended it for a few hours.
The purchase of Talgo for 5 euros per share would mean valuing 100% of the company at around 617 million euros. The company’s main shareholder is the Trilantic investment fund.
