Talgo rises 4% on the stock market after Magyar Vagon shows willingness to collaborate with the Government

Talgo rises 4% on the stock market after Magyar Vagon shows willingness to collaborate with the Government
Talgo rises 4% on the stock market after Magyar Vagon shows willingness to collaborate with the Government

Madrid, Jul 3 (EFECOM).- Talgo rose more than 4% on the stock market after the Hungarian company Magyar Vagon showed its willingness to collaborate with the Government and other companies, after presenting a takeover bid for 100% of the Spanish company at five euros per share, although it maintains that it will not withdraw its offer, but will maintain it.

Talgo shares have begun to rise and have become the stock with the most progress on the continuous market, after the representative of Magyar Vagon, Andras Tombor, appeared before the press in Madrid on Wednesday.

Tombor has indicated that if a counteroffer were to be presented, the price of 5 euros per share offered by this group would have to be raised, which would value the company at 620 million euros.

At 12:45, Talgo shares were at 4.155 euros, having gained 4.4%, while so far this year the value has lost 9.34%.

At this time, the main index of the Spanish stock market, IBEX 35, added 126.1 points, 1.15%, and stood at 11,038.9 points.

The representative of Magyar Vagon has expressed the company’s willingness to collaborate to make Talgo stronger, but has acknowledged that they have not received any concrete proposals so far, so they hope that the Government will approve the application submitted and that the summer will not delay the approval, initially scheduled for August 10. EFECOM

mlm/ltm

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