Overview
- Spain’s competition regulator CNMC has endorsed the deal, with government sign-off expected in the coming days or weeks.
- CEO José Vicente de los Mozos cast the purchase as the cornerstone of the new Indra Space unit to bolster aerospace and defense capabilities.
- The transaction brings about 650 employees into the group, including 551 from Hispasat and 100 from Hisdesat.
- The meeting re-elected several directors and added independent director María Aránzazu Díaz-Lladó, while the resignation of Mónica Espinosa leaves the board short of independence and gender targets.
- Indra said it will immediately seek a new independent director and indicated it will revisit the previously postponed EM&E merger once approvals are secured, after SEPI earlier urged waiting for 2025 accounts.