The Polish Development Fund (PFR) has offered to buy out shares of the Spanish company Talgo, which specializes in the production of rolling stock for high-speed railways. The deal will be fully financed by PFR. Talgo’s main shareholder, Pegaso International, has long been considering exiting this investment.
The Polish side believes that the acquisition of Talgo will be a strategic step for the implementation of the national project for the construction of high-speed railways within the Central Transport Hub (CPK). Talgo perfectly matches the goals of the Polish government program aimed at developing modern transport infrastructure.
However, the deal may face obstacles, as the Spanish government considers Talgo to be a company of strategic importance for national security. Despite its private status, the company has confidential information about the country’s railway infrastructure. Earlier, for this reason, the Spanish authorities blocked the sale of Talgo to the Hungarian company Ganz Mavag.