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Government asks Criteria to put together Spanish counter-bid for Talgo to avoid Ganz Mavag's

Hungarian group Magyar Vagon launches €620-million takeover bid for Talgo

Talgo's top shareholder in talks with Stadler over takeover bid, report says

Talgo's top shareholder is in talks to sell its 40% stake in the Spanish train maker to Swiss rival Stadler Rail as an alternative to a tender offer from Hungary's Ganz-Mavag consortium, El Economista newspaper reported on Monday, citing unidentified market sources. On March 7, Ganz-Mavag - which includes the Magyar Vagon rail group - offered 619 million euros ($669 million) for all of Talgo's shares. The bid was opposed by Spanish Transport Minister Oscar Puente, who was quoted by local media as saying the government would do "everything possible" to prevent the takeover.

Egypt receives 30 passenger coaches from Hungary's Ganz Mavag

Egypt's Transport Minister Kamel al-Wazir announced Friday that the Alexandria port has received 30 passenger railway coaches from the Hungarian Ganz Mavag company, bringing the total to 755 coaches.