Madrid says decision based on ‘classified’ concerns over consortium backed by Viktor Orbán
Spain has branded a Hungarian consortium backed by the prime minister Viktor Orbán as a threat to its national security as Pedro Sánchez’s government intervened to block a €600mn bid for a Spanish trainmaker. Hungary’s Ganz-Mavag consortium vowed to take legal action against Spain for vetoing its takeover bid for Talgo on the grounds that it entails “risks to national security and public order”, a highly unusual step within the EU.
” Both Spanish and Hungarian media have linked the decision to Madrid’s concern over Orbán’s ties to Russia and the potential threat to critical rail infrastructure. “They have no proof for this so this is hardly more than political bluff,” wrote the pro-government daily Vilaggazdasag. The Spanish government declined on Wednesday to comment on any potential concerns over Russia.
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