On 27 August 2024, the Spanish government said the takeover of Talgo would have entailed "insurmountable risks for national security and public order".
Background:
- Hungarian consortium Ganz-Mávag Europe's €619 million takeover bid of Spanish train manufacturer Talgo
- Ganz-Mávag said the consortium would “take legal action both in Spain and in Europe”
- According to the Spanish media, the veto is motivated by alleged ties that exist between Ganz-Mávag and Moscow
