Escribano, a group specialized in the defense sector, has increased its participation in Indra to 8% of the capital, after purchasing an additional 4.6% of shares, according to the company itself. With this operation, the family company becomes the second shareholder of the benchmark of the national military industry, behind the State Society of Industrial Participations (Sepi).
With 8%, Escribano would have the right to request a position on Indra's board of directors, of which he is not a member today. Company sources have not specified today whether the buyer is interested in being part of the governing body of the Spanish flag company in the military and technological sector.
The purchase of Escribano, according to Indra's quote, has involved the disbursement of just over 110 million. “This is a strategic investment operation that aims to consolidate its business position, promoting the creation of new technologies, the development of new capabilities and the creation of qualified employment throughout Spain,” says the company.
Coinciding with Escribano's operation, Indra marks highs on the stock market this week. The company's shares are trading this morning at 14.51 euros, the highest level in recent years.
In May Escribano entered Indra buying 3.4% of the shares and already then announced his intention to continue increasing his participation in the company chaired by Marc Murtra.
Indra now becomes controlled by SEPI, with 25.1% of the capital, followed by Escribano, with 8%. Fidelity holds 7.8%, while Amber Capital and Sapa, for their part, hold 7.2 and 5%, respectively.
“The operation will contribute to the development of current and future defense programs in which the company works for both the international and national markets. This is the case of its recent implementation in Córdoba, a town in which it will invest 20 million for the production of new technologies for smart ammunition and rocket launchers, with the creation of more than 200 new direct high-skilled jobs,” adds Escribano. after the operation.
