SAPA Placencia Holding, SL acquired 5% stake in Indra Sistemas, S.A. from Corporación Financiera Alba, S.A. for 90.8 million.
December 13, 2021
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SAPA Placencia Holding, SL acquired 5% stake in Indra Sistemas, S.A. (BME:IDR) from Corporación Financiera Alba, S.A. (BME:ALB) for 90.8 million on December 14, 2021. As part of the consideration, SAPA Placencia acquired 8.8 million at a price of 10.28 per share. Pérez-Llorca Abogados, S.L.P. y CÍA, S.Com.P. and KPMG International Cooperative advised SAPA Placencia.
SAPA Placencia Holding, SL completed the acquisition of 5% stake in Indra Sistemas, S.A. (BME:IDR) from Corporación Financiera Alba, S.A. (BME:ALB) on December 14, 2021.
Indra Sistemas, S.A. is the Spanish leader in designing, developing, manufacturing and marketing of information technology, defense, and simulation systems. The group's activity is organized around 2 areas:
- sales of systems: IT systems (systems for air traffic control and management, electronic payment control, surveillance, identification, vote counting, on-line training platforms, etc.), electronic defense equipment (radar, observation satellites, communication systems, instrument panels, etc.), automatic simulation and maintenance systems (fighter pilot training, diagnosis, and error detection systems.), etc.;
- services: consulting, maintenance, project management, etc.
Net sales are distributed geographically as follows: Spain (49.6%), Italy (5.8%), Europe (11.2%), Brazil (5.5%), Americas (14.1%) and Asia-Middle East-Africa (13.8%).