Categories: Stock Market News

Polish state fund hires Societe Generale for Talgo takeover, El Confidencial says


MADRID (Reuters) – Poland’s state fund has employed Societe Generale (OTC:SCGLY) to organize for a takeover bid of Spanish practice maker Talgo (BME:TLGO), information web site El Confidencial reported on Friday, citing unidentified sources near the matter.

Polish Growth Fund, or PFR, is contemplating launching a young supply for the shares in Talgo and would then merge the Spanish practice maker with its Polish rival Pesa Bydgoszcz, which it controls, El Confidencial reported.

PFR, Societe Generale and Talgo didn’t instantly reply to requests for remark.

Since Hungarian consortium Ganz-Mavag withdrew a 619- million-euro ($637 million) tender supply for Talgo in August following the Spanish authorities’s opposition to the deal, different potential consumers have approached the corporate.

Talgo stated in October Basque metal maker Sidenor opened talks in regards to the doable acquisition of a stake.

($1 = 0.9716 euros)

admin

Share
Published by
admin

Recent Posts

My Weekly Studying for June 8, 2025

  Is the Supreme Courtroom Actually That Divided? The Information Say No. by Billy Binion,…

8 minutes ago

A Totally different Perspective on Costa Rica’s Visitors Catastrophe

Over the previous years, site visitors in Costa Rica has turn out to be a…

43 minutes ago

Paul Heyne: The Ethicist Who Thought Like an Economist

Born and raised in St. Louis, Paul Heyne (1931–2000) started his larger training as a…

54 minutes ago

In Assist of the Free State Venture

NBC Boston’s multi-episode protection of the Free State Venture included a naysayer complaining that the movers…

2 hours ago

Authorities and Financial Development

Varied instruments and equipment that people have produced have been produced with a view to…

2 hours ago

Taxi Tyranny in Paradise

When my pals and I landed in St. Croix, US Virgin Islands (USVI) in the…

2 hours ago