Indra considers raising €800m from sale of Minsait’s assets to finance possible purchase of part of Hispasat

Indra Tecnocom

Alphavalue/DIVACONS | The Spanish IT services and consultancy company is considering the acquisition of a stake in satellite operator Hispasat, which is partly owned by state-controlled network operator Redeia (RED), Cinco Días newspaper reported on Thursday citing unidentified market sources.

Indra is considering raising €800 million from the sale of assets of its technology unit Minsait to finance the deal. On the other hand, the Council of Ministers authorised the subscription of a third addendum to the agreement with the joint venture Indra Sistemas – Navantia, related to the technological programmes for the development and integration of sensors on the mast and the Navy Combat Systems (Scomba) of the F110 frigate.

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