MADRID, Nov 25 (Reuters) - Basque steelmaker Sidenor has made an offer to buy a 29.9% stake in Spanish train maker Talgo (TLGO.MC) , opens new tab held by global investment fund Trilantic, a source close to the negotiations said on Monday, confirming an earlier report by Expansion newspaper.

Neither the source nor the Expansion would disclose the price, but Expansion said it would be above the current market price of 3.375 euros ($3.54) per share, if below the 5 euros Hungarian consortium Ganz-Mavag had offered in a takeover bid earlier.

Ganz-Mavag withdrew its offer in August following the Spanish government's opposition to the deal.

Trilantic did not immediately respond to a request for comment. Trilantic and other partners own 40.33% in the train maker through holding company Pegaso.

($1 = 0.9528 euros)

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https://www.reuters.com/markets/deals/spains-sidenor-is-said-make-offer-trilantic-stake-talgo-2024-11-25/