Indra results hit by Tecnocom restructuring
Indra Q1 2018 results have been weak, hit by a downturn in its Transport and Defence activity and Tecnocom’s restructuring costs.
Indra Q1 2018 results have been weak, hit by a downturn in its Transport and Defence activity and Tecnocom’s restructuring costs.
Indra has launched a full bid for Tecnocom at 4,25 euros per share in cash and stock. Analysts see the move as a further step in Indra’s restructuring and is in line with its strategy for gaining critical mass.