Indra
Escribano brothers sell their 14.3% stake in Indra and exit the company
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Brothers Ángel and Javier Escribano sold their 14.3% stake in Indra through an accelerated placement, valued at over 1.3 billion euros. The deal, announced on May 5, 2026, ends three years of shareholding after a conflict with the Spanish Government. Javier Escribano resigned as company director.
The president of SEPI and the director of the economic office in Moncloa appeared Tuesday before the Joint National Security Commission to explain changes at Indra and loans to Plus Ultra and Air Europa.
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Spain's Supreme Court Contentious-Administrative Chamber has denied Santa Bárbara Sistemas' precautionary measure to suspend 3,000 million euros in state loans to the Indra and Escribano Mechanical & Engineering joint venture. The court finds no evidence of imminent and irreparable harm to General Dynamics' subsidiary. It emphasizes the significant public interest in national defense modernization.