Escribano Sells Entire 14.3 Percent Stake in Indra
Escribano sold its 14.3 percent stake in Indra through an accelerated placement. The sale follows the April resignation of former chairman Angel Escribano.
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Escribano Mechanical and Engineering sold its full 14.3% stake in INDRA SISTEMAS SA through an accelerated placement in Spain. The family-owned firm was the second-largest shareholder in the defense company behind the state-owned fund SEPI. The exit follows leadership friction and a failed deal that prompted former chairman Angel Escribano to resign in April.
