Mol Group and Corvinus-backed Ganz-Mavag Europe withdrew its offer to acquire Talgo from Trilantic for €619.3m.

Mol Group and Corvinus-backed Ganz-Mavag Europe, a rail vehicle producer, withdrew its offer to acquire Talgo, a Spanish manufacturer of intercity, standard, and high-speed passenger trains from Trilantic, a global private equity firm, for €619.3m. On August 27, Spain has rejected a bid by Hungary’s Ganz-Mavag Europe to buy train maker Talgo.