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General

Telefonica acquires 3% stake in Indra - report

Thursday 29 January 2015 | 09:07 CET | News
Italian broadcaster Mediaset has acquired a 3 percent stake in Spanish tech group Indra, with an option for a further 3 percent, according to an unnamed source cited by El Confidencial. At current market prices, the stake would be worth around EUR 37.5 million. The report suggests that state holding company SEPI offered its entire 20 percent stake in Indra to Telefonica. Indra provides IT systems and consulting to sectors such as telecoms, energy, transport and defence. It was recently awarded a EUR 266 million contract to implement the entire e-ticketing and access control system for

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Categories: General
Companies: Indra / Mediaset / Telefonica
Countries: Spain
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