Bankinter | The news comes after Indra’s Board of Directors unanimously agreed to the potential purchase of Escribano Mechanical and Engineering (EM&E) on 11 December.
Analysis team’s view: Negative impact, as the request by the State Industrial Holdings Company (SEPI) Chair highlights the conflict of interest inherent in the transaction. We maintain our Neutral recommendation and Target Price of €53.2.
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.
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