US EditionSánchez Advances that Sepi and Indra Work to Resolve the "Supposed" Conflict of Interest in the Purchase of Escribano
22 Articles
22 Articles
The Escribano brothers renounce the integration of EM&E with Indra. Indra titles plummet more than 12% at closing.
The family company explains that "there are currently no circumstances" and Indra concludes the merger project. The market reacts with a stock market drop of more than 12% at the end of the session The government asks for the departure of Escribano from the presidency of Indra to merge it with EM&E, its family company The Escribano Mechanical and Engineering group (EM&E) takes a step back and renounces its merger with Indra, as it has communicat…
Indra has convened a board of directors for this afternoon, in which Escribano renounces the merger to maintain the presidency
The family company withdraws from the operation after the communiqué sent yesterday by SEPI
The Escribano brothers have given up selling their family business to Indra, a company of reference in the defense sector, according to the National Securities Market Commission (CNMV). The decision comes after the public Sociedad Estatal de Participaciones Industriales (SEPI), the main shareholder of Indra with 28% of the capital, announced that there is an insurmountable conflict of interest to go ahead with the acquisition, and conditioned th…
The extraordinary meeting could be used by the government and SEPI to propose their immediate dismissal More information: The government hopes to close the supports to stop Escribano in Indra but the president insists on "give the battle"
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