The amount of the transaction has not been disclosed, although unofficial sources point to a company valuation of under 100 million euros. In addition to the initial 30% acquisition, Indra has agreed on an option to increase its stake up to 100% of the share capital over the next two years. Bankinter Analysis Team’s View: Limited impact. The amount of the operation has not been published, but, a priori, it…
Link Securities Indra (IDR) has informed the Spanish National Securities Market Commission (CNMV) that the negotiation process by the SpaceRISE consortium has been concluded – comprising Eutelsat, Hispasat, S.A. (in which IDR holds an 89.68 per cent stake) and SES – with the European Commission and the European Space Agency to launch the IRIS2 constellation, as well as the plan for the development and deployment of the European secure satellite…
Reported by Banco Sabadell BlackRock has disclosed a 3.02% stake in Indra, comprising a 2.637% direct stake and 0.365% via derivatives, according to records held by the Spanish National Securities Market Commission (CNMV). Other significant shareholders: Sepi 25.16%; Sapa Plasencia 7.94%; Goldman Sachs 7.63%; Amber Capital 6.23%; ING Groep 5.58%; T. Rowe Price 5.01%. Banco Sabadell analysts’ assessment: News with no impact. Meanwhile, according to CNMV records dated Wednesday 5…
Reported by Bankinter Indra (IDR) is finalising an agreement with Santa Bárbara Sistemas (a European subsidiary of General Dynamics) to set up a joint venture aimed at carrying out contracts for wheeled and tracked artillery, valued at €7.240 million. These contracts were previously awarded by the Government, under the PEM programmes, to two separate temporary joint ventures (UTEs) in which Indra and EM&E hold stakes. In this regard, the proposed…
Report by Renta 4 Indra announced yesterday that the Board of Directors has appointed Jose María Recasens as the new Chief Executive Officer following the “non-renewal” of Mr José Vicente de los Mozos. Mr Jose María Recasens is Renault’s Chief Strategy Officer. The change will take effect on 17 June. An appointment that came as no surprise after it had been reported in the press that he was one of…
Indra has announced that it has launched a search for a new chief executive following the decision not to renew the contract of the current CEO, José Vicente de los Mozos, which expires on 30 June. Reported by Editorial Team Directors Indra’s CEO, José Vicente de los Mozos, will not continue in his role, the company announced on Monday, adding that it has launched a selection process to find a…
Bankinter | The Escribano brothers have sold their 14.3% stake in Indra, valued at €1.32 billion. The details of the transaction are not yet known. Based on yesterday’s closing price, the transaction would be valued at €1.322 billion. With this move, Javier Escribano resigns as a director of Indra, as Ángel Escribano did after stepping down as Chairman on 1 April 2026. Analysis team’s view: Slightly negative impact on the…
Banc Sabadell | The Supreme Court has rejected Santa Bárbara’s request for interim measures to freeze €3 billion in government loans at 0% interest to pre-finance the wheeled and tracked artillery programmes awarded to two joint ventures (JVs) established by Indra (IDR) and EM&E. Santa Bárbara filed an administrative appeal against this state pre-financing at the end of last year. Despite the rejection of the interim measures, the proceedings before…
Renta 4 | Indra (IDR) Land Vehicles and IDV, a division of the Italian company Leonardo, have signed a strategic agreement to develop the new amphibious combat vehicle for the Royal Marines. The agreement is designed to fulfil the Special Modernisation Programmes assigned to Indra. Indra will deliver four variants of the vehicle: troop transport, command and control, recovery and ambulance. Assessment: We view favourably the agreement between two of…
Alphavalue/Divacons | The Spanish IT services and consultancy firm is finalising the details of an agreement with Iveco Defence Vehicles (IDV), a subsidiary of the Italian giant Leonardo (downgrade, Target Price €48.1/share), for the supply of amphibious armoured vehicles for the Spanish Navy. The contract, valued at €374 million, will be carried out through a joint venture (JV) formed by Indra and Escribano Mechanical & Engineering (EM&E). The project involves…