
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