Overview
- The board received a positive opinion from the ad hoc committee overseeing the EM&E absorption, with a vote targeted at a November meeting before an extraordinary shareholders’ assembly and competition clearance.
- Company insiders say consensus on the board has grown since summer resignations, and Indra named engineer Teresa Busto as a new independent director as several independent mandates near expiry.
- Key shareholders back the operation, including state holding SEPI with 28%, SAPA with 7.94% and Amber Capital with 7.24%, according to the latest reporting.
- The planned structure involves a capital increase to be subscribed by EM&E owners Ángel and Javier Escribano, who pledged not to exceed the state’s stake, with the deal reported at €1–1.5 billion and multiple top banks and law firms advising both sides.
- Indra also signaled interest in Tecnobit and Comforsa, though Grupo Oesía publicly ruled out selling any units and discussions on Comforsa are not advanced and would hinge on employment and political conditions; the company additionally appointed Luis Mayo to lead its space business.