[HIGHLIGHTS] The Hungarian GME launches its takeover bid for Talgo without waiting for the green light from the Government

The Hungarian GME launches its takeover bid for Talgo without waiting for the green light from the Government. Ganz-Mavag Europe (GME) has presented this afternoon to the CNMV the request to take control of Renfe through a Public Acquisition Offer (OPA) of its shares.

The Hungarian group is a public-private consortium that publicly announced its intentions on March 7. The Government considers this operation hostile to a company that it classifies as strategic and has warned that it will do "everything possible" to avoid it.