Talgo Invites Sepi to Enter as Shareholder with 75 Million After the Agreement Between Sánchez and Pradales
7 Articles
7 Articles
SEPI will enter Talgo’s capital through an increase in capital that will bring it to control 7.8 % of the capital.
Talgo has asked the State Company of Industrial Participations (SEPI) to consider participating in an operation aimed at strengthening its financial structure.This operation contemplates an increase of capital and the issuance of convertible bonds in shares, with a joint amount that could reach 75 million euros, according to the company's communication this Thursday to the National Securities Market Commission (CNMV).It is the circumstance that …
The State Company of Industrial Participations will carry out the operation through an increase of capital (45 million euros) and the additional subscription of a debt issue of 30 million. Talgo will be added to these other 25 companies
The State Company of Industrial Participations (Sepi) will enter the capital of Talgo through an increase of capital that will take it to control 7.8% of the capital (45 million euros) and will also subscribe to a debt issue of 30 million euros, bringing its total contribution to 75 million. The Council of Ministers will have to approve the operation, predictably on Tuesday, July 29.
The manufacturer of trains and the Basque consortium that has not yet bought 29.7% of Trilantic, "invites" the state holding to buy shares (approximately 10%) and loans that total 75 million euros. Read
Talgo has invited the State Company of Industrial Participations (SEPI) to value its participation in an operation to strengthen the capital structure that the train manufacturer is trying to carry out, through an increase of capital and an issue of convertible bonds in shares for a total amount of up to 75 million euros, according to the company's information this Thursday to the National Securities Market Commission (CNMV).
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