Talgo accumulates an increase of 15% in the last three days due to the interest of Sidenor

MADRID 17 Oct. () –

Talgo shares have accumulated a rise of 15% in the last three trading days, after the interest of the Basque metallurgical group Sidenor has also been supported by both the central and Basque governments.

Specifically, Talgo’s stock recorded its third consecutive day of price increases this Thursday, after climbing 5.36%, to 3.83 euros per share, the highest at the end of August.

After the market closed on Wednesday, Talgo confirmed that it had received an expression of interest from Sidenor to acquire all or part of the company’s capital, which represents the emergence of a possible new solution to the company’s situation regarding to its industrial capacity.

Furthermore, this Thursday, the Minister of Economy, Commerce and Business, Carlos Body, welcomed the fact that there are offers and interest from the private sector, with “effectively solvent, clearly industrial and national” companies that are interested in Talgo.

Cupero also reiterated the same message that the Government has been conveying for months, that it is willing to “accompany and help” in obtaining a viable long-term solution and stability in Talgo’s shareholding.

This same message was conveyed this Thursday by the Minister of Industry of the Basque Government, Mikel Jauregi, who considered it “positive” that Sidenor had shown its interest, and stated that the regional Executive would be “willing to help” this operation if it were They offer a series of guarantees regarding employment, the future and the “rooting” of the company in Euskadi.

Sidenor, based in Basauri (Vizcaya), is dedicated to the production of special long steels, in addition to being a supplier of calibration products in the European market. It has production centers in the Basque Country, Cantabria and Catalonia, and has commercial delegations in Germany, France, Italy and the United Kingdom.

The search for an industrial partner is something that has been worked on in recent months in Euskadi, where Talgo has a plant in Rivabellosa (Álava), with a staff of nearly 700 workers, not including temporary workers and auxiliary companies that work for the firm. Throughout Spain, the company has nearly 2,500 direct workers.