Ibex

Indra novedad

Indra shares fall 2.93% amid doubts over Ángel Escribano’s future as chairman

Alphavalue/Divacons | Shares in the Spanish IT services and consultancy firm fell by 2.93% on Monday. The market is reacting to doubts over Ángel Escribano’s continued tenure as chairman, following confirmation last Thursday that Escribano Mechanical and Engineering (EM&E) was withdrawing from the merger with Indra (IDR), whilst retaining Escribano at the helm of the firm. Ángel Escribano’s future as the company’s chairman remains shrouded in uncertainty after he was…

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bbva sabadell

BBVA admits second takeover bid for Sabadell could compromise capital distribution plan

Alphavalue/DIVACONS | BBVA (BBVA) admits that a second takeover bid for Banco Sabadell (SAB) could compromise its capital distribution plan, according to Expansión. The bank notes the ‘negative impacts’ that a possible second takeover bid for Banco Sabadell, which would be financed with ‘available resources’, would have on its solvency. Meanwhile, Zurich Insurance Group (Add, Target Price CHF 635) notified the National Securities Market Commission (CNMV) that it owns 4.947%…