US EditionThe Government Proposes that Indra Acquire a Stake in Escribano in Lieu of the Merger
9 Articles
9 Articles
The president of the government, Pedro Sánchez, has intensified his war to maintain control of Indra, for which he has found an unexpected ally in Iván Redondo, his former cabinet director and political guru until 2021. At the head of GDELS communication, Redondo has been leading the battle against the Escribanos (both Angel and Javier) for months because he considers that the Special Modernization Programs, endowed with billions, have been hand…
The government of Pedro Sánchez has stood up. Indra’s merger with the family company of its president, Ángel Escribano, no longer convinces them as before. Too many bankrupts from head to future due to the conflict of interest generated between the two companies. Moreover, they do not trust that after the potential operation, the State – through the State Society of Industrial Participations (SEPI), with 28% of the company’s capital – continues …
Indra approaches the hour of truth in which it is called to be one of the most transformative operations for the company: the integration of Escribano Mechanical & Engineering (EM&E) into its structure. Right now, the main stumbling block is on how to structure the operation. According to sources aware of the situation, the government wants it to be made through a purchase of the majority of the capital and not a merger by absorption, which woul…
Indra faces decisive weeks to clear up how the integration of Escribano is realized and the government believes that the merger by absorption is not the best option. According to knowledgeable sources of the conversations to which La Vanguardia has had access, the State Society of Industrial Participations (SEPI) is demarcated at this time of the acquisition of the entire company owned by the president, Angel Escribano, and contemplates other fo…
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lacronicabadajoz.comThe government has doubts about the merger by absorption between Indra and Escribano Mechanical & Engineering (EM&E) and looks for alternatives not to dilute its stake (28%) through the State Society of Industrial Participations (SEPI) in the listed company. The fundamental option that the government has now put on the table is that Indra buys the majority of Escribano without having to start a merger. Although it is something still not decided,…
While the government is seeking support to regain control of Indra in an operation that may take longer than expected, solutions have been put in place
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