Although the Spanish government searched for a Western European buyer for the Talgo train manufacturer instead of Ganz-Mavag Europe, it seems very likely that the Hungarian offer will be successful.
According to vg.hu, it is clear from the recent statements of Transport Minister Óscar Puente and Finance Minister María Jesús Montero that they are still looking for an alternative to the 619 million euro Hungarian takeover offer, but so far they have not been able to find any industry investors.
Based on the Madrid business paper Cinco Dias, the portal writes that only one investor, CriteriaCaixa, showed interest, but they would only be willing to participate in the transaction together with a sector expert.
Several well-known manufacturers, such as CAF and Stadler, have already rejected the Spanish government’s invitation, while Alstom and Siemens have shown no interest at all.
In 2023, Talgo achieved a revenue of 652 million euros with an EBITDA margin of 11.5 percent, and was also able to generate a net profit of 2 million euros in its last closed business year.
Light has come to light on the Hungarian government’s billion-dollar plan: Spain may be worried
The contours of a new Hungarian industrial investment program worth more than four thousand billion are taking shape, and it turned out to Economx’s interest that the possible acquisition of the Spanish railway company, which produces a tenfold profit, is also connected to this.
