TP FERRO, the concessionaire for the international high-speed line between Figueres, Spain, and Perpignan, France, which is owned by Spanish and French construction companies ACS and Eiffage, definitively filed for protection from creditors at a Girona court last week.
TALGO made its debut on the Madrid stock exchange on May 7 with shares trading at €9.25, the lower end of the price range, setting the company's total market value at €1.265bn. Only institutional investors were allowed in the Initial Public Offering (IPO) of 45% of the company's capital.
THE board of Spanish operator Renfe this week approved its plan to select an industrial partner for its subsidiary Renfe Freight. The Spanish train operator wants to transform its freight unit into a logistic operator in an effort to curb losses which in 2014 totalled €54m, and to increase rail's modal share, which is currently less than 5%.
THE Spanish National Commission of Markets and Competence (Omie) has authorised Talgo to proceed with an Initial Public Offering (IPO) of 45% of its shares at a price of €9-11.5, which values the rolling stock manufacturer at between €1.232bn and €1.574bn.
SPAIN added a further section to its already extensive high-speed network on April 18, with the opening of a new section of the Atlantic Corridor between Santiago de Compostela and Vigo, in Galicia. The A Coruña – Santiago section opened in 2009 and was electrified in 2011.