The Em & e Group company, better known as a notary, has tied the financial pressure linked to its investment in Indra Group. As can be seen from the information shared through the CNMV, the Spanish manufacturer specialized in solutions and equipment for the defense and security industry has reduced by 2,677,167 the number of its titles in financial derivatives pledged by the purchase of 25,261,587 Actions, equivalent to 14.3% of the capital of Indra. In this way, notary It has reduced these payment guarantees by 1.51% compared to the total capital invested in the technological. This last percentage has a current market value of 44.7 million euros.
After this movement in the financial structure of EM&E, carried out on January 24, the group chaired by Javier Escribano maintains 22,584,420 underlying actions in Indra, that is, with guaranteed assets in a pignoraticia manner.
The Angel and Javier Escribano brothers broke into the capital of Indra in May 2023, with the purchase of 3% of the capital of the multinational that Marc Murtra presided. That investment was estimated 65 million euros, when the titles of the technological multinational quoted at 11.8 euroswhich shows a revaluation of 42% compared to the current 16.77 euros of the current value of each title at the end of the market yesterday.
That participation of 3% capital was growing little by little for 2023, to reach 3.4% of the capital. The next large EM&E step in Indra occurred in November 2023, when the company invested around 110 million euros to raise its participation to 8%, when the price was around 16.5 euros per title, close to current values .
From that moment on, Escribano became the second industrial partner of Indra, only behind the SEPI (28%), a position that still retains and that in May 2024 was conferred by the right of representation in the Board of Directors, At the time, replacing the independent vowel Elena García. A year later, on December 5, 2024, EM & E reinforced that shareholding up to 14.3% in the technology shareholders.
Specifically, the family business invested about 190 million euros, when the titles traded at 17.20 euros, 2.5% more valuable than today. According to current contributions, the participation of Notary is valued at 422 million euros, an amount that provides em & e ladent surplus values of more than 56 million euros from its entry into society. Now, These latent profits do not include the cost of financing the acquisition of actions with Pignoraticia guaranteewhose interest rate has not transcended.
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