Editorial: El Mundo

• The Hungarian consortium led by Magyar Vagon and Cornivus has presented a takeover bid to acquire 100% of Talgo.
• Cornivus is owned by the Hungarian State, led by the illiberal government of Viktor Orban.
• Orban's relationships with Russia and China generate unease.
• Talgo, although not strategic, could motivate the government to activate the takeover shield.
• More robust control mechanisms are necessary to verify the origin and motivations of investors.
• This is not only a national issue but also a European one, and the EU should lead this debate.

Conclusion: The offer presented by the Hungarian consortium to acquire Talgo generates doubts and revives the concern about the lack of robust investment control mechanisms, especially when States are involved. This is a matter that requires European attention.

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