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Updated Thursday, February 8, 2024-17:39
The National Securities Market Commission (CNMV) has suspended the trading of Talgo on a precautionary basis and with immediate effect after its shares on the Stock Market suddenly skyrocketed by 10% due to rumors of a Public Acquisition Offer (OPA).
Last November, the train manufacturing company confirmed the interest that a Hungarian business group had expressed in acquiring 100% of the company at a price of 5 euros per share. DJJ (Dunakesci Jarmü Javító) was the supposed buyer, a railway equipment manufacturer whose origin dates back to 1911 and which has passed through different hands until it was in the hands of the largest Russian rolling stock producer,
Transmashholding (TMH) and the Hungarian company Magyar. Wagon
.
The possibility that Magyar Vagon now finalizes the operation has led Talgo's shares to skyrocket this morning and the CNMV has decided to suspend its listing, at least while the company prepares the launch of a new inside information in which it provides more information. about.
Before the price skyrocketed, Talgo shares
were worth 4.4 euros, far from the 5 euros that Magyar Vagon would pay
to take over the company, so the shares reached 4.78 euros before trading was suspended. .
When this possible operation came to light in November, Talgo was trading at 3.9 euros and the same situation occurred, its shares skyrocketed to 4.4 euros, since the premium up to 5 euros reached 27.7%, and the CNMV suspended it for a few hours.
The purchase of Talgo for 5 euros per share would mean valuing 100% of the company at around 617 million euros.
The company's main shareholder is the Trilantic investment fund.