Indra acquires 9.5% of ITP Aero for €175 M; will have a presence on the Board and will account for share in results
Renta 4| Indra (IDR) has reached an agreement to acquire 9.5% of ITP Aero for €175 million. This stake values 100% of ITP at €1.842 billion, slightly above the €1.8 billion it paid to Rolls Royce in September 2022. The deal will be executed in the coming weeks. Indra will be represented on the Board and will account for this stake in financial results. Indra and ITP Aero have reached…