Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now MCE - Delayed Quote • EUR Talgo, S.A. (TLGO.MC) Follow Compare 3.5700 -0.0800 (-2.19%) At close: February 21 at 5:35:00 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Sidenor in talks to buy some or all of Spanish train maker Talgo Last week, Sidenor sent Talgo a letter saying it was considering a tender offer for part or all of Talgo's equity, driving the stock up more than 6%. The move comes two months after Hungarian consortium Ganz-Mavag withdrew a tender offer for Talgo following the Spanish government's opposition to the deal. Ganz-Mavag withdraws Talgo bid after government opposition The Hungarian company said it would withdraw its offer but did not rule out another attempt to acquire Talgo in the future after appealing the government’s decision. Talgo doesn’t rule out Skoda merger after competitor’s offer The Czech company’s offer is reportedly sponsored by the Spanish Government in a bid to supersede a takeover bid from Hungary’s Ganz-Mavag. Spanish train maker Talgo receives merger offer from Czech rival Skoda Spanish train maker Talgo said on Tuesday it received a merger offer from Czech rival Skoda four months after Hungarian consortium Ganz-Mavag launched a public tender offer for all Talgo shares. Skoda, which is unrelated to the car maker owned by Germany's Volkswagen, made an offer of "business combination and industrial merger" without any economic offer, Talgo said in a statement. Talgo said it had asked Skoda for detailed information to be able to evaluate whether it surpasses the 619 million euros ($674 million) in cash offered by Ganz-Mavag on March 7. Renfe announces May start date for new high-speed trains The state-owned rail operator said that as well as improving existing high-speed services, the new trains would allow it to increase capacity on other lines. Talgo's top shareholder in talks with Stadler over takeover bid, report says Talgo's top shareholder is in talks to sell its 40% stake in the Spanish train maker to Swiss rival Stadler Rail as an alternative to a tender offer from Hungary's Ganz-Mavag consortium, El Economista newspaper reported on Monday, citing unidentified market sources. On March 7, Ganz-Mavag - which includes the Magyar Vagon rail group - offered 619 million euros ($669 million) for all of Talgo's shares. The bid was opposed by Spanish Transport Minister Oscar Puente, who was quoted by local media as saying the government would do "everything possible" to prevent the takeover. Performance Overview Trailing total returns as of 2/21/2025, which may include dividends or other distributions. Benchmark is IBEX 35... Return TLGO.MC IBEX 35... YTD +7.85% +12.27% 1-Year -21.71% +29.03% 3-Year -19.38% +50.78%