US EditionBanking and Funds Against Sánchez's War in Indra: Demand the Merger with Escribano Not to Lose the Race in Defense
3 Articles
3 Articles
The large concentration operations in the Spanish business world, lately, are not working well. BBVA’s failed attempt to take over the Sabadell in October last year is now adding to the failure of the integration between Indra and Escribano Mechanical & Engineering (EM&E). The operation sought to create a “national champion” of ground defense capable of pulling the rest of the sector, in order to make the most of the billions that will rain in t…
Indra's shares fell by 12.7% on Thursday after the breakup of the negotiations to barely recover 0.30% on Friday. More information: Indra and Escribano join Intersoft to offer anti-Dron capabilities to Belgium
A multimillionaire intellectual, Cliff Asses, and a descendant of Barbie's creator, Dan Loeb, also multimillionaire, winners and losers in Indra today, after the failure of the planned merger with EM&E, the company of its president, Ángel Escribano. Cliff Asses, head of the AQR Capital Management fund, guru of quantitative investment, has been the only investor who, since the beginning of the year, has been betting against Indra, despite the fac…
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