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.
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 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.
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 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.
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.