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Construcciones y Auxiliar de Ferrocarriles (CAF), Spain’s leading train manufacturer, and the only listed company in the sector, may have company soon in the Spanish stock exchange. Its rival Talgo, which years back made an aborted attempt to list, is once again considering tapping the bourse for funding. Deliberations on the issue have got to the point that Banco Santander has reportedly been hired by Talgo to pave the way for a listing with the assistance of Nomura and Credit Suisse. Read More
