MADRID, Oct 17 (Reuters) - Spanish steel maker Sidenor sent a letter stating it was considering a tender offer for part or all the shares of train manufacturer Talgo (TLGO.MC) , opens new tab, the latter said late on Wednesday in a filing to the stock market regulator.

Talgo did not say whether Sidenor disclosed the stake it intends to buy or at what price.

Privately owned Sidenor, which is headquartered in the Basque Country and runs several steel mills in northern Spain, did not respond to a request for comment.

Its move comes two months after Hungarian consortium Ganz-Mavag last month withdrew a previous tender offer for the Spanish train maker following the Spanish government's veto on the deal.

Ganz-Mavag had launched a tender bid in March offering 619 million euros ($671.74 million), or 5 euros per share, for the maker of Spain's signature AVE high-speed trains.

The offer represented a 17% premium over Talgo's value at the time.

The Spanish government decided to block the transaction saying it entailed risks to national security, public order and public health.

Officials said Talgo was a strategic company given its access to sensitive information on the country's railway network and, by extension, national security.

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https://www.reuters.com/markets/commodities/spanish-steel-maker-sidenor-announces-tender-offer-talgo-shares-2024-10-17/