SEPI
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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Ángel Escribano resigned on Wednesday as executive president and board member of Indra, citing government pressures and personal weariness. SEPI, the largest shareholder with 28% of the capital, proposed Ángel Simón as replacement. The board has started the succession process led by Virginia Arce.