Escribano estudia salir a Bolsa tras fracasar la fusión con Indra
La compañía familiar de Defensa quiere impulsar su crecimiento tras los contratos millonarios recibidos el año pasado. Leer
Angel Escribano, the former president and majority owner of Indra's family company, Escribano Mechanical & Engineering (EM&E), is now considering a stock market listing for EM&E as an alternative to the merger with Indra that was thwarted due to conflicts of interest. The company reported a 37% increase in revenue to €488 million in the previous year, making it one of the major beneficiaries of the Defense Ministry's special modernization programs.
EM&E's strategic plan aims to reach €1.3 billion in revenue by 2030, a threefold increase from 2024, driven by new contract awards in the field of defense. The brothers Escribano value their company at over €2.3 billion, prompting the Indra board to consider an offer around the same amount. Besides the stock market listing, EM&E is also exploring the possibility of finding an alternative strategic partner, potentially Rheinmetall, but this option has been previously ruled out in favor of creating a dominant Spanish defense company with Indra.
The Spanish government retains the right to veto any merger involving EM&E due to its strategic importance for the country.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
