US EditionSidenor loves to abandon the purchase of 30% of Trilantic in Talgo: «It is not a matter of life or death»
15 Articles
15 Articles
Sidenor leaves in the air the purchase of 29.9% of Talgo that has under his control the Trilantic fund, after having formalized last November his offer on this participation. Thus, the company led by José Antonio Jainaga has explained that it is not an operation "of life or death" for the steel industry group.
The Basque steel group Sidenor has made an attempt to abandon the purchase of 29.9% of Talgo that holds the Trilantic fund, an operation that "is not life or death" for the company that presides José Antonio Jainaga. Sidenor offers to buy 29.9% of Talgo, currently in the hands of Trilantic, at a price of 4 euros per share, which would mean valuing that share in 150 million euros and in about 500 million the total of the company. Sidenor sources …
"If they don't want us we'll retire so we don't waste time and energy", warns Basque industrialist Jainaga
Sidenor’s option threatens to become the government’s third failed attempt to buy Talgo after the veto of the Hungarian OPA and the rejection of Skoda and CAF. The Basque steel group has threatened to abandon the purchase of 29.9% of Talgo held by the Trilantic fund, an operation that “is not life or death” for the company presided over by José Antonio Jainaga. Sidenor sources have explained to EFE that the entry into Talgo “is not a matter of l…
José Antonio Jainaga is not willing to fight more than necessary in his effort to acquire 29.9% of Talgo through Sidenor. Sources of the Basque company have explained to La Vanguardia that “the operation is not life or death for the Basque group” and assure that “If the current shareholders do not want us in Talgo we will withdraw to not waste useless time and energy”, they say.Continue reading...
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Sidenor probes to withdraw its offer to acquire 29.9% of Talgo, according to sources of the Basque industrial group to the agency EFE and has been able to confirm ASSETS, the economic vertical of Prensa Ibérica. From the company presided by José Antonio Jainaga they point out that this operation "is not a matter of life or death" and that, if it does not obtain support from the current shareholders, they will withdraw to avoid "expensing time an…
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