Railway vehicles manufacturer, Talgo, has appointed a group of banking advisors to prepare a stock market listing in Madrid, Financial Times reports. The stock market listing might value the company at up to €1 billion.
The company has appointed Nomura, Credit Suisse and Banco Santander to explore its initial public offering (IPO). Talgo’s biggest backer is Trilantic Capital Partners, the former private equity arm of Lehman Brothers.
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