Goldman almost triples its weight in Indra since the dismissal of independents in June

Goldman Sachs raises a 3.7% stake in Indra after increasing its direct weight by a 2.87%, while the rest 0.9% comes from financial derivatives. The American firm has almost tripled its weight in the company since the end of last June, when it advanced positions to 1.3%, in the midst of a crisis in the board of directors of the Spanish group, which ended with the departure of four independent directors and the non-renewal of a fifth. Thus, it becomes one of the main shareholders, after the QUIET (25,2%), Fidelity (9,9%), Amber capital (5.1%) and SAPA (5%).

Unlike on that occasion, when the American firm advanced positions after the price of Indra’s shares register a fall of more than 14% on the stock market, this week the titles are trading upwards, with a revaluation of 3.58% this Tuesday, boosted by the bet of Joseph Oughourlian, CEO of Amber Capital to spin off the business in two: the technology division and the defense division to optimize the value of the company. This option has already been put on the table before, although his CEO, Ignacio Mataix, asks for time to analyze this possibility.

The investment bank increases positions after the share earthquake lived in recent months marked precisely by the entry of Oughourlian and the purchase of shares of selective form of the Spanish State through Sepi so as not to alter its price, as this medium advanced. In fact, after this landing Indra seeks to reinforce its Defense area to fulfill what was promised to investors. Precisely this Friday Spain managed to close an industrial agreement with France and Germany to promote the program of the Future European Combat Air System (FCAS), a investment in which Indra will participate together with the French Airbus and Dassault.

La Información published a few weeks ago that they are working on the potential purchase of a company dedicated to air traffic control, something that, although it is not directly related to the Defense division, is included within this division, since the difference between Minsait and Transport and Defense. In addition, there would be another company related to the radar sector that they have been testing for months, waiting to see if they finally enter ITP Aero.

In fact, Mataix himself has already taken on the challenge and advanced that they were already analyzing all the available options to grow through these operations. After the outbreak of the war in Ukraine, this segment is in vogue and also provides better margins than the technology division. Until September, revenue soared 4%a figure that may increase once the aforementioned FCAS is deployed.

Despite this, Indra’s shopping spree is much less aggressive when compared to the previous year, when it allocated 41 million to acquire seven national and international firms through Minsait. The most relevant were the Italian Net Studio and Organizational Consulting In colombia. The situation contrasts with that registered until September 2022, in which only the Mobbeel digital identity signature has been launched, for three million, and Simumek, with 2.4 million.

Source: LA INFORMACIÓN – Lo último by

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