Spain blocks Hungarian consortium Ganz-Mavag's takeover of train maker Talgo
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
0mins
Source: Yahoo Finance
Government Rejection of Takeover Bid: The Spanish government has rejected a €619 million takeover bid for train maker Talgo by the Hungarian consortium Ganz-Mavag, citing national security concerns related to sensitive information access.
Market Reaction and Context: Following the government's decision, trading in Talgo shares was suspended amid fears linked to Hungary's political ties with Russia, particularly under Prime Minister Viktor Orban.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
