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Talgo shares jump after Pegaso stake sale to basque consortium

ReutersNov 7, 2025 12:30 PM

Spanish train manufacturer Talgo's TLGO.MC shares climb 9.1%

Shareholder Pegaso sells its 29.76% stake to a basque consortium for about 156.7 mln euros in a deal that has been pending approval since February

The consortium, comprising Clerbil, Finkatze Kapitala Finkatuz, Fundacion Bancaria BBK, and Fundacion Bancaria Vital, agreed to pay 4.25 eur/share

The deal, which represents 36.86 million shares, is scheduled to be completed by January 31, 2026

If gains hold, the shares will see their best day since February 8, 2024

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