Notable shareholding movement in Indra. Amber Capital has doubled its stake in the company to reach 7.239% through different instruments, according to information submitted to the National Securities Market Commission (CNMV). At this time the British investment fund is close to the possibility of having a member on the board of directors who has a vacant position after the resignation of the independent Axel Arendt announced last Thursday.
This movement coincides with a restructuring of Indra's shareholders. A few days ago it was Escribano who announced the acquisition of up to 5% of the company, an operation valued at 65 million, and now it is Amber who makes the move. The fund, the largest shareholder of the Prisa group, has already received authorization from the Government to be able to reach 9.9% of the firm that has just closed its corporate governance crisis.
Indra, majority controlled by the State through the State Industrial Participation Company (SEPI), which owns 25.16% of the shares.
At this time, Indra is undergoing surgical changes to face a new stage framed in a general increase in Defense spending. Amber has recognized, through its founder, Joseph Oughourlian, that his intention is to bet on the company and even came to put on the table the possibility of segregating it to sell the technological branch, Minsait.
"We are pressing for there to be either a division of the company between technology (Minsait) and defense, or a total sale or merger of the technology division with another company," said the businessman in an interview with Bloomberg. The words caused an internal earthquake in the company that now seems calm.
Last Thursday, Indra chose José Vicente de los Mozos as the CEO who, together with its president, Marc Murtra, will lead the new phase of the company. The veteran Renault manager, a person with links to the Popular Party, received the majority support of the board of directors. The company's shareholders' meeting is held on June 30.
