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Spanish train maker Talgo eyeing share listing in May

Source: Reuters - Sun 29th Mar 2015
Spanish train maker Talgo eyeing share listing in May

Spanish train marker Talgo is aiming to make its stock market debut in May, in a share flotation that would value the company at over 1 billion Euros, a source with knowledge of the matter said on Saturday.

About 50% of the firm would be sold to investors if it goes ahead, the source said, following a report earlier on Saturday in Spanish newspaper Expansion.

Talgo declined to comment. Its shareholders include the founding family, Oriol, and private equity firms Trilantic Capital and MCH Private Equity.

JPMorgan, Santander and Nomura have been appinted to work on Talgo's potential listing, another source close to the matter had previously told Reuters.

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