TALGO: Shares in Spanish rolling stock manufacturer Talgo SA began trading on the Madrid stock exchange on May 7, when CEO Carlos de Palacio rang the opening bell at 14.00.
Talgo says that it has raised €570m though the initial public offering, placing 61 million shares which correspond to 45% of the share capital excluding ‘greenshoe’ or the over-allotment option.
The launch share price of €9·25 valued the company at €1 265m. Demand for these securities tripled the offer, according to Talgo.
SAUDI ARABIA: Saudi Railways Organization has awarded Talgo a contract worth in excess of $200m to supply six 200 km/h diesel trainsets for use on the 480 km Riyadh – Dammam line. In conjunction with infrastructure upgrades the trainsets are expected to cut journey times from 4 h 20 min ...
BELARUS: Belarus Railways has installed a Talgo automatic gauge-changer at Brest station, close the Polish border, and expects to obtain certification for it to be used by Talgo passenger trainsets during the first quarter of 2015 Installation required remodelling tracks and signalling and the installation of electrification equipment. The project ...
INNOTRANS: Patentes Talgo has unveiled a proposal for suburban and regional trainsets based on the Talgo concept of short, lightweight cars with independent wheels. The proposed train has a Bo’2’2’2’Bo wheel arrangement and would be suitable for 1 435, 1 520 or 1 668 mm gauges. A formation just ...
