Tag Archives: spain trains

Spain blocks €600m Hungarian bid for train manufacturer amid ‘national security’ fears over ‘Russian interference’

Spain blocks €600m Hungarian bid for train manufacturer amid ‘national security’ fears over ‘Russian interference’

THE Spanish government has blocked a €600m bid from a Hungarian consortium for the train manufacturer Talgo, citing ‘risks to national security and public order’.  “The cabinet has agreed today to not authorise the foreign direct investment in Talgo by Ganz-Mavag Europe Private Limited”, the finance ministry said in a statement. “The analysis has determined that authorising this operation would …

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