Shares of Talgo rose more than 7% after signing a second order with German railway company Deutsche Bahn for the manufacture of 56 Talgo 230 trains, with an approximate value of €1,400 million.
Specifically, Talgo shares were up 7.87% at 9:40 am, to €3.29 a share, driving up the rally in the ongoing market.
This new order is part of the framework contract signed in 2019 between the two companies to manufacture up to 100 trains, the company reported to the National Commission on the Stock Exchange (CNMV) on Wednesday.
Specifically, Talgo and Deutsche Bahn signed a framework contract in February 2019 for the manufacture of up to 100 Talgo 230 trains, the high-speed train, a self-propelled vehicle capable of traveling at speeds of up to 230 kilometers. per hour.
In this framework contract, the first order to manufacture 23 trains was signed, so this second order was standardized as a continuation of the series to increase the range from an initial 23 trains to a total of 79 units.
The Talgo 230 trains, known by Deutsche Bahn as “ICE L”, will have the same configuration as those corresponding to the first order, and will maintain their commitment to sustainability and energy savings.
Talgo explained that implementation of the project will start once the financing structure is agreed upon.
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