Talgo Hopes for 1 Billion-Euro Valuation After IPO, FT Reports

Patentes Talgo SA, Spain’s biggest railway carriage maker by sales, hired banking advisers to prepare for a Madrid stock-market listing that may value the company at as much as 1 billion euros ($1.4 billion), the Financial Times reported, citing unidentified people briefed on the plans.

Talgo’s backers, led by Trilantic Capital Partners, hired Nomura Holdings Inc. (8604), Credit Suisse Group AG and Banco Santander SA (SAN) to look at an initial public share offering they hope would value the company at between 700 million euros and 1 billion euros, the newspaper said.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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