Amber Capital scales to 9.99% of Indra with the green light from the Government

New decisive move in Indra, strategic pillar of the Spanish Executive in the field of security and defense. The company has informed the CNMV of the government’s green light for Amber Capital, the US fund chaired by Joseph Oughourlian and Prisa’s largest shareholder, to reach 9.99% of the technology company’s share capital, marking a new milestone

Joseph Ourghourlian holds, according to CNMV records, a 4.18% stake in the capital through different Amber companies, so the operation would involve the purchase of 5.8% of the capital for more than 81 million euros. euros becoming, de facto, lndra’s second largest shareholder after Sepi, with 27%.

“Amber becomes the second partner of the technology behind Sepi”

The authorization comes at a key moment and in the midst of the reputational crisis of the technology, after the preliminary agreement for the election of the six new professionals who will enter the highest government body in the October assembly.

Investment of more than 80 million

Indra hopes to shelve its corporate governance crisis and doubts about the independence of its board with the vote of the six new directors -Virginia Arce, Olga San Jacinto, Felipe Fernández, Coloma Armero, Axel Arendt and Belén Amatriain- thus closing.

In its information sent to the supervisor, Indra acknowledges that “today, we have received notification that, at the meeting of the Council of Ministers held on September 13, the agreement authorizing foreign investment was approved joint venture of the companies Amber Capital UK (United Kingdom) and Amber Capital Italia (Italy), in Indra, until they jointly reach a stake in shares, or other financial instruments that have shares of the latter as underlying value, representing 9.99% of its share capital”.