Escribano Mechanical and Engineering sells 14.3% Indra stake, Expansion reports

Indra Sistemas SA

05/05/2026 18:40

May 5 (Reuters) - Escribano Mechanical and Engineering has sold its full stake in Spanish defence company Indra IDR.MC, newspaper Expansion reported on Tuesday.

EM&E, family firm of former Indra chairman Angel Escribano, launched an accelerated placement of its 14.3% stake in Indra after market close, Expansion added.

Angel Escribano resigned from Indra in April after a failed deal with EM&E and reported government pressure for his exit.

EM&E was Indra's second-largest stakeholder behind state-owned Spanish fund SEPI.

An Indra spokesperson and an EM&E representative did not respond immediately to requests for comment.

(Reporting by Javi West Larrañaga
Editing by Aislinn Laing and David Goodman)

((Javier.West@thomsonreuters.com; +34 918 35 61 12;))