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Indra Sistemas ( (ES:IDR) ) has issued an update.
Indra Sistemas has announced an agreement to acquire 89.68% of Hispasat, a satellite operator, for 725 million euros, significantly expanding its presence in the satellite service sector. The acquisition, pending regulatory approval and shareholder consent, is funded through secured financing and existing cash, positioning Indra for enhanced strategic capabilities in defense and security services.
More about Indra Sistemas
Indra Sistemas, S.A. operates in the technology and consulting industry, providing a wide range of services and solutions, including information technology, simulation, and automatic test equipment. The company is known for its focus on sectors such as defense, transport, energy, and telecommunications.
YTD Price Performance: 8.81%
Average Trading Volume: 21,669
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €3.24B
See more insights into IDR stock on TipRanks’ Stock Analysis page.
