Escribano Mechanical and Engineering sold its entire 14.3% stake in Spanish defence firm Indra (BME:IDR) via accelerated placement after market close.
The sale follows Angel Escribano’s resignation in April after a failed deal with EM&E and reported government pressure for his exit.
EM&E was Indra’s second‑largest shareholder behind state‑owned SEPI, indicating a shift in the company’s ownership structure.
No financial terms were disclosed; the transaction was reported by Expansion and covered by Reuters on 5 May 2026.