Escribano Sells 14.3% Stake in Indra for €1.322 Billion, Ending Relationship Between Two Companies
25 Articles
25 Articles
The People's Party launches against the government for allowing or favoring with insider information that the Escribano brothers reap 950 million capital gains in Indra...
The company of the Escribano brothers launches an accelerated placement of 14.3%, valued at 1.3 billion euros.
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Indra’s internal war broke out on the first Tuesday of May in which it could be one of its last episodes. The Ángel and Javier Escribano brothers have told the National Securities Market Commission (CNMV) that they have disposed of the 14.3% that they owned until today in the company through the Advanced Engineering entity. The profit is 1.3 billion. Around 11% was a position contracted through a loan (collar) with JP Morgan, which will retain t…
The Escribano chapter in Indra comes to an end. The Ángel and Javier Escribano brothers have closed their relationship with Indra after selling their share of 14.3% at the close of the stock exchange session on Tuesday. The transaction, registered with CNMV and confirmed by knowledgeable sources, means the exit of the second highest shareholder of the quoted one and the sale of a position that reaches 1.320 million euros at market prices. Consul…
The transaction can pave the expected merger between the listed company and its family company EM&E; at this Monday's closing prices, the two brothers' package in Indra was valued at 1.320 million
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