Indra Sistemas : ITP Aero: what potential impact on the credit side?
Indra Sistemas confirmed last Friday that conversations are being held with Rolls-Royce aimed at exploring the potential acquisition by the group of a majority stake in Rolls-Royce’s Spanish subsidiary ITP Aero. In a separate statement, the group added that any potential deal would be financed through a combination of debt and a rights issue. - If the group decides to acquire a 75% stake in ITP Aero for EUR 1bn, half of which financed by shares, the pro forma reported leverage woul...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.
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.
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