SEPI buys their stake in Indra from the Marches and may appoint a third director

The operation closes with a premium of 3.3% on the share price

MADRID, 3 Jun. (EUROPA PRESS) -

The State Industrial Participation Society (SEPI) has bought from Corporación Financiera Alba, the holding company of the March family, the 3.2% that it still owned in Indra, which will allow the public entity to exceed the 23% necessary to appoint a third adviser.

The operation has been closed at a price of 11 euros per share, which raises the amount of the same above 62 million euros, as reported by the 'holding' to the National Securities Market Commission (CNMV) this Friday.

Specifically, SEPI has 23.89% of Indra's share capital after the purchase of this stake, according to data provided by the company to Europa Press.

On the part of the holding company, this operation represents a pre-tax capital gain of more than eight million euros and the end of Corporación Financiera Alba's history as a shareholder of Indra, a company in which it entered more than a decade ago.

The 11 euros paid per share represent a premium of 3% compared to the current price of the technology company and a price 4% higher than the 5% package of the group that previously sold Alba to the Basque defense group SAPA last December.

For its part, SEPI has authorization from the Government to reach a 28% stake in Indra and consolidate itself as its reference shareholder. In the event that the operation is closed before Tuesday, the public entity could add the appointment of a third director to the agenda of the shareholders' meeting on June 23.

SEPI began its purchases on April 9, when the share opened at 9.4 euros. Since then, and despite stock market uncertainties, the value of the share has grown by 13.2%.

SEPI recognized for the first time in the call for the shareholders' meeting its willingness to add a third director to the company who joins the former Minister of Industry, Miguel San Sebastián, and the former deputy Antonio Cuevas.

A little over a year ago, the entity promoted a change at the head of the company that led to the departure of Fernando Abril Martorell as executive president and a new governance model with Marc Murtra as non-executive president and two CEOs.

After the departure of the CEO, Cristina Ruiz, Ignacio Mataix has remained as CEO, while Luis Abril is the new second executive director with the position of general manager of the Information Technology business.

Indra's shares have moderated their increases around 0.9% after the news, although it maintains the 'green' against an Ibex 35 that falls around 0.2%.