MADRID (Reuters) – Spanish prepare maker Talgo stated on Tuesday it obtained a merger provide from Czech rival Skoda 4 months after Hungarian consortium Ganz-Mavag launched a public tender provide for all Talgo shares.
Skoda, which is unrelated to the automotive maker owned by Germany’s Volkswagen (ETR:), made a proposal of “business combination and industrial merger” with none financial provide, Talgo stated in an announcement.
Talgo stated it had requested Skoda for detailed info to have the ability to consider whether or not it surpasses the 619 million euros ($674 million) in money provided by Ganz-Mavag on March 7.
The Spanish authorities has stated it could look rigorously on the deal because it considers Talgo a strategic asset.
($1 = 0.9186 euros)
