Report
Nicolas David

Indra Sistemas : The government turns the board on its head. What now?

>Five independent directors revoked at yesterday’s AGM - We expected tensions to be running high at the AGM and it did not disappoint. With a quorum of 74.5%, the shareholder block comprised of SEPI, SAPA and Amber, with c. 38% of outstanding voting rights, found itself (not by chance) with over 50% of the voting rights present. And they took advantage of the situation. Firstly, this allowed them to push through the resolution giving SAPA a seat on the board, despite ...
Underlying
Indra Sistemas S.A. Class A

Indra Sistemas is engaged in the design, development, manufacture, assembly, repair, and installation of computer software and applications. Through its subsidiaries, Co. is engaged in consulting, graphic design and multimedia, web design and marketing, internet development and electronic trade, systems integration and hosting geared business to business and business to consumer, as well as in internet financing and electronic marketing. Co. serves defense and security, transport and traffic, energy and industry, telecom and media, finance and insurance, and public administration and healthcare markets. Co. operates primarily in Europe, the United States, Canada, and Latin America.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas David

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