Spain blocks Hungary's attempt to buy train company over 'Ukraine concerns,' FT reports
#Spain prevented #Hungary from buying #Talgo, a Madrid-based train manufacturer, due to its potential usefulness for Ukraine's reconstruction, the Financial Times reported on Sept. 12, citing undisclosed officials.
Madrid vetoed the 619 million euro bid ($680 million) due to concerns about Budapest's warm ties to Moscow amid Russia's ongoing full-scale war against Ukraine, the FT wrote.
Spain prevented Hungary from buying Talgo, a Madrid-based train manufacturer, due to its potential usefulness for Ukraine's reconstruction, the Financial Times reported on Sept. 12, citing undisclosed officials.
