Link Securities | The Senate on Monday approved a PNV motion, which recognises the strategic character of Spanish railway manufacturer Talgo (TLGO) for the European railway sector as a whole, according to Expansión newspaper. The political parties in the Senate supported the veto to the Hungarian Ganz-Mavag because of its links with Russia, and the newspaper indicates that the pressure of the Basque parties opens again the option of a…

Renta 4 | Magyar Vagon has decided to withdraw its takeover bid for 100% of Talgo at the request of the National Securities Market Commission (CNMV) in view of the Spanish government’s refusal to authorise the operation. Magyar reiterates its intention to appeal the legitimacy of its bid before the Spanish and European courts, and does not rule out the launch of a new takeover bid if it obtains the…