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…
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 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 Red.es, director of Joan…
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.
The Spanish technology company Indra is closing to winning a contract in the US to install a managed lanes system in a motorway in Virginia.
Renta 4 | Indra (IDR) has been designated as national coordinator of the FCAS programme, the future European combat aircraft. It is the major joint European defence project so far and the most ambitious in terms of technology development.
Alphavalue | The Spanish government prepares measures to block corporate operations among listed companies in which the State has a stake.
Indra’s digital transformation unit Minsait is giving a new boost to the construction of solutions with great innovative content in the realm of smart cities through its participation in the European R&D program Smart Cyber Physical Systems Engineering (CPSE) Labs.
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.
The Spanish market’s attention was firmly on technology company Indra on Tuesday when it’s share price plummeted 12%. One reason for the slump was its nine months to September results, which hugely disappointed analysts and investors.