Talgo jumps after PFR announces intention to launch offer

Talgo SA

10/02/2025 08:44

** Shares of Talgo  TLGO.MC  jump around 6% to their highest
since August after Poland's state-owned investment fund PFR said
on Monday it intends to make an offer for all shares of the
Spanish train maker
    ** PFR, which owns Polish train maker Pesa, did not specify
how much it would offer for Talgo
    ** "This news about Pesa has a positive bias for the stock
since it would be an offer for 100%, and because it seems that
it would seek to resolve the main concerns of the government,"
says brokerage Sabadell
    ** Earlier media reports said PFR was considering merging
Talgo and Pesa
    ** If gains hold, Talgo shares will see their best day in a
year

    
  

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