The new shareholder of Indra warns SEPI that stock market value will erode if the merger with EM&E is halted
Third Point, an activist investment fund, warns that delaying Indra's merger with Escribano Mechanical & Engineering could lead to a significant loss in stock market value.
Indra grants De los Mozos powers to negotiate the merger with Escribano without approval from the independent commission
Indra has authorized De los Mozos to negotiate a merger with Escribano, circumventing the independent commission due to ongoing conflicts of interest.
Third Point, the activist fund that revolutionized Sony and Nestlé and wants to force SEPI to merge Escribano and Indra
The activist fund Third Point is pushing for the merger of Escribano and Indra, creating tension in the Spanish corporate governance and possibly influencing government decisions.
Ángel Escribano, Ibex 35 Executive of the Year by Cinco Días: 'Defense should be an economic and industrial lever'
Ángel Escribano, president of Indra, has been recognized as the Ibex 35 Executive of the Year for his leadership in the military and technology company, emphasizing the role of defense in boosting Spain's industrial and digital sovereignty.
Indra accelerates on the stock market after announcing activist fund support for the purchase of Escribano
Indra's stock rose by 3.42% following the announcement of Third Point hedge fund's support for its acquisition of Escribano Mechanichal & Engineering.
The owner of Prisa's fund sells 2% of Indra amid a dispute over the purchase of Escribano
Amber Capital has sold a 2% stake in Indra during ongoing negotiations to acquire Escribano, with implications for the defense sector and corporate governance.
The Government wants to fit Escribano as a subsidiary of Indra
The Spanish Government is inclined to position Escribano Mechanical & Engineering (EM&E) as a subsidiary of Indra rather than accepting a merger that would significantly increase its shareholder weight.
The Government wants Indra to buy only 51% of EM&E, an option that the Escribano reject
The Government of Pedro Sánchez is no longer convinced by the merger of Indra with the Escribano family company, now proposing that Indra only acquire a 51% stake, which the Escribano brothers completely dismiss.
The Government suggests that Indra buy the majority of Escribano without fusion
The Spanish government is proposing that Indra acquire a majority stake in Escribano Mechanical & Engineering without merging the two companies.
The Government does not have on the table today "the replacement of Escribano at the head of Indra"
The government is not currently considering replacing Escribano as head of Indra, despite recent discussions surrounding his family's company's acquisition options.
SEPI waits for next board meeting to discuss how to complete the integration of Indra and Escribano
SEPI is waiting for the next board meeting to determine how to finalize the integration of Indra with Escribano Mechanical & Engineering, while the change of Indra's president is not currently under discussion.
Indra bleeds 15% on the stock market in three days amid rumors of Moncloa's intervention to dismiss Ángel Escribano: "No one has asked me to resign"
Indra's stock has dropped 15% in three days as rumors swirl regarding government intervention to remove CEO Ángel Escribano, who publicly denied any resignation requests from the government.
Escribano: 'No one has requested my resignation'
Indra's president, Ángel Escribano, has stated in a communication to Bloomberg that no one has requested his resignation amid a 15% stock drop in four days.
Indra falls 13.6% in two stock sessions due to possible leadership change
Indra's stock has dropped 13.6% over two days amidst expectations of a leadership change as the government, which owns 28% of the company, considers promoting a new CEO during the acquisition process of Escribano Mechanical & Engineering.
The Santa Bárbara battle with Indra threatens credits of over 14,000 million to the defense industry
A legal battle between Santa Bárbara Sistemas and companies Indra Sistemas and Escribano Mechanical & Engineering risks the annulment of over 14.4 billion euros in credits for the defense industry.
Two new challenges for Indra: meeting with Escribano for its merger and purchase of another factory
Indra's board has authorized its CEO to meet with the management team of the company led by Escribano while exploring options to acquire another factory in Spain for armored vehicle production.
This is how a bullfighter's body reacts to a goring
Researchers in sports science document the psychophysiological response of Manuel Escribano after suffering a severe goring.
Indra authorizes its CEO to negotiate the structure of a deal with Escribano
Indra's board has authorized CEO José Vicente de los Mozos to negotiate the structure of a potential transaction with Escribano Mechanical & Engineering, initially considered as a merger by absorption but now exploring alternatives.
Spain has launched its 'drone army' for future wars
Spain is developing a 'drone army' to achieve national sovereignty in the manufacture of unmanned aerial vehicles, as emphasized by Indra's president, Ángel Escribano.
The American General Dynamics will appeal to the Supreme Court contracts worth 7,240 million to Indra and Escribano
American company General Dynamics plans to appeal to the Supreme Court over two major artillery contracts recently awarded by the Ministry of Defense to a consortium of Indra and Escribano for a total of 7.24 billion euros.
The Supreme Court accepts a challenge from Santa Bárbara to block 3 billion in public loans to Indra and Escribano
The Supreme Court has accepted a challenge from Santa Bárbara to prevent 3 billion euros in public loans to defense firms Indra and Escribano, alleging exclusion of their national technology from the state's industrial plan.