indra

Companies, Relevant News Item 13th April 2026

Escribano family seeking to smooth way for Indra’s merger by finding potential buyers for their 14.3% stake

Link Securities | The Escribano brothers are taking steps to bridge the gap with the Government. The family has commissioned JP Morgan to seek potential buyers for its 14.3% stake in Indra, according to sources familiar with the matter speaking to Vozpopuli.com. Among the options on the table are both a potential partial and total sale of this stake, against a backdrop marked by the government’s demands to revive the…

Companies 9th April 2026

Indra and Telefónica explore creation of cybersecurity consortium to bid for major defence contracts in Spain

Norbolsa | Both companies are considering a potential strategic alliance in cybersecurity, cyber defence and artificial intelligence to bid for major defence contracts in Spain, following the example of Tess Defence. This would enable them to bid jointly for future contracts worth over €1 billion. The model would consist of a consortium open to further partners and backed by the government, and would seek to create a sovereign technology platform…

Companies 9th April 2026

Some Indra shareholder funds reportedly calling for merger with EM&E to be resumed

Banc Sabadell | Some Indra (IDR) shareholder funds led by Amber Capital (which controls 5%) and representing around 20% of the shareholding are reportedly urging the company to resume negotiations for the merger with EM&E as soon as possible, now that Ángel Escribano (who controls 14.3% of IDR) has resigned as Chairman, being replaced by Ángel Simón (nominated by SEPI), according to elEconomista. According to the same report, SEPI has…

Companies 7th April 2026

Escribano’s departure from Indra raises questions about his 14.3% stake, shareholders who support him, and design of new strategic plan

Banco Sabadell | At an Extraordinary Board Meeting last week, Ángel Escribano resigned as chairman (and director) of Indra and has been replaced by Ángel Simón, who is close to the government and was previously CEO of Criteria Caixa and chairman of Aguas de Barcelona. He will have no executive duties and, in principle, Jose Vicente de los Mozos will continue as CEO. The change serves to ease tensions, but…

Companies 25th March 2026

Indra to design and manufacture self-propelled artillery systems for Spanish Armed Forces at Gijón plant in collaboration with Hanwha Aerospace

Link Securities | Indra and Hanwha Aerospace, a subsidiary of Hanwha Group, signed a binding agreement on Tuesday for the development of self-propelled artillery systems tailored to the needs of the Spanish Armed Forces. According to a company statement, this will provide Spain with autonomous capability and sovereignty in the design and manufacture of state-of-the-art tracked ground platforms, the digital portal Bolsamania.com reported yesterday. The planned work will require an…

Companies, Ibex 24th March 2026

Indra shares fall 2.93% amid doubts over Ángel Escribano’s future as chairman

Alphavalue/Divacons | Shares in the Spanish IT services and consultancy firm fell by 2.93% on Monday. The market is reacting to doubts over Ángel Escribano’s continued tenure as chairman, following confirmation last Thursday that Escribano Mechanical and Engineering (EM&E) was withdrawing from the merger with Indra (IDR), whilst retaining Escribano at the helm of the firm. Ángel Escribano’s future as the company’s chairman remains shrouded in uncertainty after he was…

Companies, Relevant News Item 20th March 2026

Escribano (EM&E) withdraws from merger/acquisition deal with Indra, Ángel Escribano to continue as chairman

Bankinter | According to the statement published on Thursday: “In view of the Material Information published by SEPI on 18 March 2026, we at EM&E consider that the circumstances currently do not permit a potential transaction between Indra Group and Escribano Mechanical and Engineering SLU, and therefore EM&E is withdrawing from the transaction”. Bankinter analysis team’s view: The impact on the share price was negative yesterday (down 12.3% at close…

In Spain 19th March 2026

The Indra Soap Opera: Government now demands Chairman’s resignation to authorize purchase of his company

Four years ago, the Government took control of a publicly traded company, INDRA, through SEPI (the State-Owned Industrial Holding Company). To do so, it had the help of the owner of the newspaper El País and two brothers, the Escribanos, owners of a small company dedicated to manufacturing defense vehicles. There was a reshuffle at the top, a change of control without a mandatory takeover bid (OPA)—as required by law—and…

Companies 18th March 2026

Government reported to have asked SEPI to propose immediate dismissal of Indra chairman Ángel Escribano

Banc Sabadell | The government has reportedly asked the State Company for Industrial Investments (SEPI), which controls 28% of Indra (IDR) and has three directors, to propose, with immediate effect (there is even talk of this very Friday and before the company’s next board meeting on 25 March), the removal of Ángel Escribano as chairman of Indra, according to El Confidencial. Escribano holds a 14.3% stake in Indra and has…

Companies 12th March 2026

Indra signs agreement to integrate engineering consultancy Tresca into its global supply chain

Alphavalue/Divacons | The Spanish IT services and consulting company has signed a letter of intent with León-based engineering consultancy Tresca to integrate it into its global supply chain. This strategic alliance will allow the Spanish technology company to rely on Tresca’s product and development capabilities in both the domestic and international markets, according to a statement issued by the company on Wednesday. Indra: Reduce, Target Price €57/share.

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