Third Point, an activist investment fund that recently acquired a significant but undisclosed stake in Indra, has expressed concerns to the Spanish government about the potential negative impact on Indra's stock market value if the proposed merger with Escribano Mechanical & Engineering (EM&E) does not proceed. In a letter sent to the Sociedad Estatal de Participaciones Industriales (SEPI), Third Point highlighted that continuous delays in this transaction could be a "unique missed opportunity," especially given the current exceptional situation in the market.

The fund's intervention comes as it seeks to emphasize the importance of swift action regarding the merger, which is seen as strategically beneficial for Indra. The proposed acquisition involves EM&E, a company owned by Ángel Escribano, who is considered a significant figure in the mechanical engineering sector. Third Point believes that not moving forward with this merger could undermine Indra's competitive position within the industry and erode investor confidence.

As the situation develops, Third Point's communication with SEPI signals a broader trend among investors becoming increasingly vocal about the strategic directions of companies they invest in. The outcome of this proposed merger may not only affect Indra's stock performance but could also have implications for the broader Spanish market, as investor sentiment and government policies continue to shape the landscape for mergers and acquisitions in Spain.