Talgo shares jump after Pegaso stake sale to basque consortium

Talgo SA

07/11/2025 12:30

** 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

 (Reporting by Mireia Merino)

 ((Mireia.Merino@thomsonreuters.com))