Talgo down after report Poland's PFR drops bid plans

Talgo SA

13/02/2025 08:51

** Shares in Talgo  TLGO.MC  fall 4.8% after a media report
that Polish state-owned fund PFR has dropped its plan to bid for
the Spanish train manufacturer after the Spanish government
opposed the move
    ** PFR did not immediately respond to a request for comment
    ** "News of negative impact as the possibility of seeing a
takeover bid for 100% and at the reference price, would cool
down," says Sabadell broker
    ** PFR, which owns Polish train maker Pesa, said on Monday
that it intended to bid for up to 100% of Talgo, sending the
company's shares up 8%
    ** If losses hold, the stock will see its worst day in over
five months; up to the previous session's close it was up 28.3%​
YTD

 (Reporting by Joao Manuel Mauricio)
 ((JoaoManuel.VicenteMauricio@thomsonreuters.com))