MADRID, 4 Ago. (EUROPA PRESS) -
Indra has reached an agreement with Bain Capital Private Equity for the entry into the share capital of the Basque aircraft engine company ITP Aero through the acquisition of an indirect 9.5% stake for an amount of 175 million euros, which It will run in the coming weeks.
Specifically, the company chaired by Marc Murtra will have the usual rights for a minority stake of this size, including representation on the board of directors of ITP Aero, while accounting for this stake as a financial asset.
Likewise, Indra and ITP Aero have reached a framework agreement that establishes the bases for a strategic technological collaboration with the aim of enhancing its value, taking advantage of synergies and promoting the joint development of systems and technologies, including developments resulting from cooperation in the FCAS, the program of the future European air combat system, according to the information sent this Friday to the National Securities Market Commission (CNMV).
(((WILL BE EXTENSION)))