US EditionSEPI Chairwoman asks Indra's CEO to halt Escribano purchase, reflecting conflict of interest inherent in transaction
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7 Articles
After the OK of the last board of directors of Indra -without the logical presence of the Escribanos - to keep alive the merger with the family company of its president, Escribano Mechanical & Engineering (EM&E), the CEO, José Vicente de los Mozos, also managed the authorization 'per se' to start the conversations with the company to acquire. Thus, according to ABC, De los Mozos today has on the table two new challenges ahead imminent to concret…
The CEO of Indra, José Vicente de los Mozos, defended Tuesday the possible merger with EM&E, an operation that has aroused suspicions in the last few weeks in the government, the company's main shareholder with 28%, through SEPI.
The Ibex 35 has finished the session with a slight increase of 0.02%, which allows it to reaffirm itself in the 18,100 integers, despite the ballast of Indra, which has lost 8,45% in the day. The company presided by Ángel Escribano has today led the falls within the selective, among rumors of a possible [...] The entry The Ibex 35 closes flat (+0.02%), but it consolidates in the 18,100 integers, despite the ballast of Indra (-8%) appears first i…
The quoted will open a second armoured factory in Spain although it does not yet detail the location
SEPI Chairwoman asks Indra's CEO to halt Escribano purchase, reflecting conflict of interest inherent in transaction
The Corner Bankinter | The news comes after Indra’s Board of Directors unanimously agreed to the potential purchase of Escribano Mechanical and Engineering (EM&E) on 11 December. Analysis team’s view: Negative impact, as the request by the State Industrial Holdings Company (SEPI) Chair highlights the conflict of interest inherent in the transaction. We maintain our Neutral recommendation and Target Price of €53.2.
Bankinter Market Consensus The news comes after the Indra Board of Directors unanimously agreed on the potential purchase of Escribano Mechanical and Engineering (EM&E) on December 11. Review team opinion: Negative impact, as the request of the President of SEPI reveals the conflict of interest inherent in the operation. We maintain the recommendation in Neutral and Target Price at €53.2.
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