Ongoing Instability In Indra’s Top Ranks Since The State Announced Hiking Its Stake: Cristina Ruiz Resigns

Doña Cristina Ruiz, Co-CEO of Indra and in charge of the Minsait (IT) division has resigned due to internal tensions. Da. Cristina Ruiz joined Indra in 2011 as the director of the Energy market. In 2017, she was appointed Executive Director and managing director of Minsait. Then in May 2021, after the exit of Fernando Abril-Martorell, she was named Co-CEO along with Ignacio Mataix, head of the T&D division. The…

Indra Tecnocom

The Government Wants Even More Control Over Indra, But Without A Takeover Bid

The Council of Ministers has authorised the state to hike its stake in Indra (IDR) through SEPI. It will increase its control from the current 18.7% to 28%. “The motive behind the government’s reasoning is greater control in a key company for the country’s defence system”, says Renta 4. At current prices, the increase in its stake would mean an investment of just over 150 million euros. According to press…

Indra wins new Eurofighter contract

Indra wins €180 M contract to provide the technology for new Eurofighter planes for Spanish Airforce

Alphavalue |Indra has won an over 180 million euros contract to provide cutting edge technology for the new Eurofighter planes for the country’s airforce. It will also maintain the existing fleet, the company said on Wednesday. Specifically, the Spanish IT services and consulting company will equip the 20 new Eurofighters in the Halcón Programme with the ESCAN radar with electronic scanning and the DASS (Defensive Aids Sub-System).


After The Government’s Assault, The March Family Sells Its Shares In Indra, Which Falls Sharply (-11.5%) On The Stock Market

Indra plunged 11.51% on Wednesday in the stock market to 9.34 euros, after Corporación Financiera Alba announced its gradual exit from the company after selling 5% of the capital to SAPA. Following the announcement, Indra recorded its biggest fall on the stock market since March 2020. The March holding company sold this stake to the defence group for just over 90 million euros and will leave the company’s board in…


Indra To Equip The 38 German Eurofigthers

Indra has signed contracts worth €100 million to equip the 38 Eurofighters the German Ministry of Defence has acquired as part of the Quadriga programme, with the latest generation systems that will ensure the aircraft’s superiority for decades to come. The firm will develop and produce, in consortium with German sensor supplier Hensoldt, the new ESCAN Mk1 electronically scanning radar.

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The Government, Good Governance And The Indra Case

Fernando González Urbaneja | The government’s contempt for the forms and procedures it imposes on other market players is insulting. And what is the CNMV doing?
The government, the Moncloa, has imposed a change in the chairmanship of INDRA, a listed company in which the state controls 19%, without explanation or justification…


Should SEPI Launch A Takeover Bid For INDRA?

Fernando González Urbaneja | The INDRA case, the socialist government’s interest in occupying the company’s presidency by force, is indicative of a way of understanding public management and exercising power. “Because you are who you are”, that is, because I have the power and I feel like it. SEPI (the Treasury, the government, the PSOE-PSC) has a stake of just under 20% in INDRA that goes back a long way,…


The Spanish Government Wants To Oust Indra’s Chairman, Replacing Him With A Man Closer to PSOE

The Sociedad Estatal de Participaciones Industriales, Indra’s main shareholder (with 18% and two representatives on the board) has asked not to re-elect the group’s executive chairman, Fernando Abril Martorell, whose term of office ends this year. According to the Madrid press, it is proposing as a replacement Marc Murtra, an industrial engineer whose career has mainly been spent in public management. He was managing director of, director of Joan…

Indra Rail Baltica

Indra Will Design Part Of The Railway Line That Will Join The Baltic Countries With The European Network

Prointec, Indra’s civil engineering subsidiary, will participate in the largest railway infrastructure project in Europe, Rail Baltica. This is a rail network for passengers and goods linking the Baltic countries, Estonia, Latvia and Lithuania to the Trans-European Transport Network (TEN-t). In consortium with German engineering consultancy Obermeyer Planen + Beraten GmbH, it will design a 93.5 km section of the works for a total of €10.8 M.