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Brief: SEPI Gets Authorization To Make Investment In Talgo From Council Of Ministers

July 29 (Reuters) - Sociedad Estatal de Participaciones Industriales:

COUNCIL OF MINISTERS AUTHORISES SEPI TO MAKE INVESTMENT IN TALGO

AUTHORISES SUBSCRIPTION OF CAPITAL INCREASE IN TALGO FOR 45 MILLION EUROS WITH EXCLUSION OF PRE-EMPTIVE SUBSCRIPTION RIGHTS

CAPITAL INCREASE THROUGH EMISSION OF 10.588.235 SHARES WITH NOMINAL VALUE OF 0.301 EUROS

ALSO SUBSCRIPTION OF BONDS CONVERTIBLE INTO TALGO SHARES FOR 30 MILLION EUROS

FIXED RATE OF 10.21% P.A., CAPITALISABLE AND PAYABLE AT MATURITY IN 8 YEARS (POSSIBLE EXTENSION TO 10 YEARS)

INVESTMENT SUBJECT TO FULFILMENT OF NUMBER OF CONDITIONS

Source text: ID:nCNM5t7Lyq, nFWN3TK21Q

Further company coverage: TLGO.MC

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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