US EditionIndra evaluates a merger with Escribano but the company denies that it is "for sale"
20 Articles
20 Articles
Indra confirmed yesterday in a brief note sent to the National Securities Market Commission (CNMV) what the market knew loudly last Thursday: the company explores...
Indra has hired the services of the consulting firm KPMG to study a possible merger with Escribano Mechanical and Engineering (EM&E), although the latter assures that "it is not for sale", according to various information published late this Thursday. It should be remembered that EM&E is the second largest shareholder of Indra with 14.3% of its shareholding, only behind the government, that through the State Society of Industrial Participations …
Indra is studying a possible integration with the family company of Escribano Mechanical & Engineering Defense (EM&E Group) to gain productive capacity, according to sources of the sector. The family company of which he was president until last January Angel Escribano, current president of Indra, owns 14% of the latter, controlled by 28% by the State Society of Industrial Participations (SEPI).
The group instructs KPMG to conduct a preliminary study of the operation to gain productive capacity
The Spanish defense company, Indra, is studying a merger with Escribano Mechanical & Engineering (EM&E Group), the family firm of Ángel Escribano, current president of Indra and one of the main shareholders. The first step in the creation of a Defense conglomerate has taken it through signing up to consultant Big Four, KPMG, to finalize an integration strategy with a due-diligence study. The State Society of Industrial Participations (SEPI) cont…
Related news Indra values a possible merger with Escribano to increase its exposure to Defense From Bankinter they point out that, "although it would have strategic meaning, it would also probably be dilutive for Indra." That is, "the strategic sense should compensate the likely dilution of the benefit per action (BPA) in the short term, although we cannot affirm this strongly due to insufficient data on EM&E. The operation could accelerate the …
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