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Indra Moves to Dominate Spain's Defence Sector, but Raises Conflict-of-Interest Concerns

Summary by EURACTIV
Critics warn the deal could distort market competition and breach Spanish and EU competition law.

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Conflicts of interest arising from the possible purchase of Escribano by Indra focused a more than four-hour advice from the company on a process that ended...

·Madrid, Spain
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The Indra group prepares the purchase of Escribano Mechanical & Engineering (EM&E) after saving the last reticence of its members at the extraordinary council held last Thursday. In the coming weeks formal negotiations are expected to begin to unite these two defense giants thanks to the support they have obtained from three of their four largest shareholders: SEPI, Escribano and Amber Capital, which add up to 50% of the capital. They even set d…

·Madrid, Spain
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Spanish technology Indra moves sheet to protect its merger with Escribano Mechanical & Engineering (EM&E) and avoid possible future demands with the creation of a commission of independent advisors. The company participated by the State through the State Society of Industrial Participations (SEPI) to 28% seeks in this way to legitimize an agreement that raises many blisters among its own shareholders, since it is the family company of President …

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SEVILLA, 11 (EUROPA PRESS) The executive president of Indra Group, Ángel Escribano, met this Friday in the Palacio de San Telmo with the president of the Junta de Andalucía, Juanma Moreno, to transfer his objective of "duplicating the activity" of the company in the region, with an investment of more than 80 million [...] The Indra entry will invest more than 80 million to double its activity in Andalusia and create 500 new jobs appears first in…

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Ángel Escribano presents the plan of the company in the region to the president of the Junta, Juanma Moreno Indra creates a commission on conflicts of interest before analyzing any operation

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Merca2.es broke the news in on Thursday, July 10, 2025.
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