Spanish authorities, Polish state fund PFR (Polish Funds Rozwoju) Rejects Talgo offer to buy 40% stakeDespite a competitive bid, the Spanish government did not agree to this deal. national strategic interests did not allow it in line with this decision. This decision was 30,4 billion euro Centralny Port Komunikacyjny (CPK) project may affect.
Why Did Spain Block the Sale of Talgo?
PFR, Owner of Polish train manufacturer Pesa as, €5 per share by making an offer worth Wanted to buy 40% of Talgo. But Spanish law, in case of acquisition of more than 30% of a company that a full takeover process will be required This also states that It would lead to Talgo falling completely under Polish control. was blocked by the Spanish government.
This is a strategic move by Spain for foreign investors to invest in industrial companies a measure he took to prevent himself from completely controlling It is considered as. Previously Ganz-Mavag consortium from Hungary The offer was also rejected for similar reasons.
Are Poland's Railway Projects in Danger?
Poland, Within the scope of the CPK project By purchasing Talgo 2.000 km of high-speed railway lines ve multimodal “Solidarity” transport hub was planning to build. Talgo could be one of the main partners in this project ve It was aimed to start train supply by 2025.
Pesa and Talgo in 2024, Including the production of 250 to 100 high-speed trains capable of reaching speeds of 200 km/h great memorandum of understanding had signed. However, this decision of Spain, Could disrupt Poland's planned supply chain for CPK.
Talgo's Future and Alternative Buyers
The Spanish government, After Poland rejected its offer, it considered another alternative buyer. Right now Basque Country consortium bid under review.
This consortium, Buying 29,8% of Talgo at €4,8 per share without aiming for full control This proposal is in line with the Spanish government's national interests It is seen as a more reasonable option to not leave Talgo completely under the control of a foreign investor.
Poland May Seek Alternatives
Spain's rejection of Poland's offer, Poland may need to look for new suppliers for CPK projectThe Polish government, If the plan to buy Talgo fails, it may turn to other European manufacturers.
The second reason to use the It is also a matter of curiosity whether Poland will take political or economic retaliation against this decision.. In the coming period, How will diplomatic relations between Spain and Poland develop? ve How the future of the CPK project will be affected will be closely monitored.
