The back-and-forth over control of Talgo continues. Finally, the Spanish government and the Basque government agreed that SEPI, the investment arm of the Spanish government, will participate in Sidenor's takeover of Talgo, as the regional government announced in a press release Tuesday night, following the Bilateral Commission between the two governments held in Madrid. "This is long-awaited news: both governments have channeled SEPI's participation to make the [Sidenor] operation viable and thus maintain Talgo's activity and occupation in the Basque Country," the Basque government reported. Beyond that, however, Basque Basque Regional President Imanol Pradales declined to go into detail about the basis of this participation, that is, whether it involves the purchase of a portion of Talgo's shares by SEPI or the granting of a long-term convertible loan, as reported by the newspaper. The CountryPradales explained that the agreement will be developed "in the coming weeks." "I want discretion," he said. Be that as it may, the move provides a breath of fresh air that should allow the Basque company Sidenor to take definitive control of Talgo: the entry of SEPI would be a way to strengthen the company's accounts and allow banks to refinance its debt.