Escribano Raises Stake in Indra to 14.3%
Deal News | Dec 10, 2024 | Iberian Lawyer
Linklaters has provided legal counsel to Escribano Mechanical & Engineering in its successful acquisition of an additional 6.3% stake in Indra, a leading Spanish technology company. This move increases Escribano's total ownership in Indra to 14.3%, strengthening its position as the firm’s second-largest shareholder. The acquisition aligns with Escribano's strategic goals to solidify its foothold in the Spanish industrial sector and expand into defense and security operations. The legal team from Linklaters was led by Brbara Victoria Gonzlez Gutirrez, with the assistance of Macarena Sanz Gonzlez.
Sectors
- Defense and Security
- Industrial Manufacturing
- Legal Services
Geography
- Spain – The transaction took place in Spain, involving companies and legal advisors based in the country.
Industry
- Defense and Security – Escribano Mechanical & Engineering's increased stake in Indra signals its expansion in the defense and security sectors.
- Industrial Manufacturing – The transaction highlights Escribano's commitment to the Spanish industrial market.
- Legal Services – Linklaters provided the legal advisory for Escribano in this acquisition.
Financials
- 6.3% – The additional percentage of Indra's capital and voting rights acquired by Escribano.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Escribano Mechanical & Engineering | Bidding Company | Company | A company focused on expanding its presence in the defense and security sectors. |
| Indra | Target Company | Company | A Spanish technology company in which Escribano has increased its stake. |
| Linklaters | Legal Advisor | Company | Provided legal advice to Escribano for the acquisition. |
| Brbara Victoria Gonzlez Gutirrez | Lead Legal Advisor | Person | Led the legal team at Linklaters for this transaction. |
| Macarena Sanz Gonzlez | Supporting Legal Advisor | Person | Provided support to the lead advisor at Linklaters. |