Spain’s Secretary of State for Transport and Sustainable Mobility, José Antonio Santano, declared in an interview with Radio Euskadi that the Talgo situation could be resolved in weeks or even days.
Santano emphasised that the entry of Sidenor, led by José Antonio Jainaga, is the “country’s bet” backed by the Basque (through Finkatuz) and central governments. According to Santano, Talgo needs solid industrial backing to manage its numerous international contracts and promising future.
He adds that the company is successful because of its unique sliding track technology, which allows trains to run on tracks of different gauges. The state secretary reiterated the importance of keeping Talgo’s roots in the country, which is why the government previously opposed the takeover bid by the Hungarian state-owned Magyar Vagon.
In addition to the Hungarians, the Polish government and the Indian Jupiter Wagons have shown interest in the Spanish manufacturer. Both are making moves to reach an agreement with Finkatuz.
Santano hopes for an early resolution, considering prolonged uncertainty is not beneficial for a strategic company like Talgo.
