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...
The company emphasizes that José Vicente de los Mozos, CEO, leads the process of analysis of possible inorganic operations in defense. More information: Indra reports to KPMG to analyze a possible purchase of Escribano, the family company of its current president
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…
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