Overview

• Indra has hired KPMG to assess a potential merger with Escribano Mechanical & Engineering, a move aligned with its 'Leading the Future' strategy for defense sector growth.
• Escribano Mechanical, which holds a 14.3% stake in Indra, publicly denies being for sale and asserts a valuation of over €1 billion.
• The possible merger remains in early stages and has not yet been reviewed by Indra's board of directors.
• Indra's share price dropped nearly 4% following reports of the merger talks, reflecting market uncertainty about the move.
• The Spanish government’s increased defense spending and Indra’s ambitions to consolidate its position as a national defense leader underpin the strategic context of this potential deal.