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Talgo workers fear that the Spanish government will block the Hungarian takeover deal of the century, while failing to provide an alternative offer. The Spanish government is refusing to respond to the unions representing workers at the Talgo train company, reports Spain’s ABC. The unions are concerned that the arrival of an investor to provide the train manufacturer with more industrial capacity will be delayed.
According to the portal, workers are demanding to know the plans of the relevant ministries for the “rescue” of the company. Mandiner reports that the government is trying to block the takeover option offered by Hungarian Ganz-MaVag at all costs for political reasons.
The government’s aim is to keep Talgo in the hands of its Spanish owner, but workers fear that it will eventually veto the deal without an alternative offer.
The Spanish transport minister claims that the issue is geopolitical. He believes that Talgo has technology that affects the military mobility of the Baltic countries. Meanwhile, he was reportedly also concerned that the Hungarian bidder has “Russian and far-right links” because of its government background, an interpretation which clearly point to the Spanish socialist government’s political motives for opposing the bid.
Via ABC, Mandiner, Index, Bloomberg; Featured image: Wikipedia