Stock Market News

Spain’s Indra to buy Hispasat from Redeia for $679 million, El Pais reports

2025.01.24 03:22

MADRID (Reuters) – Spanish defence and technology company Indra was set to buy satellite operator Hispasat from Redeia for 650 million euros ($679 million) to expand in the space industry, daily newspaper El Pais reported on Friday, citing unnamed sources with knowledge of the situation.

Indra and Redeia are close to a deal and the transaction will be submitted to their respective boards for approval “imminently”, the newspaper said.

Indra is mainly interested in Hispasat’s military unit, according to El Pais.

Redeia did not immediately respond to a Reuters request for comment. Indra declined to comment.

© Reuters. FILE PHOTO: The logo of Spanish technology company Indra is seen on the top of its headquarters in Alcobendas, outside Madrid, Spain, March 9, 2016. REUTERS/Sergio Perez/File Photo

Indra, which is 28% owned by the Spanish government, has recently focused on its defence and aerospace businesses to benefit from European countries’ increased military budgets following heightening world tensions.

($1 = 0.9568 euros)



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 95,299.53 1.18%
ethereum
Ethereum (ETH) $ 2,702.86 2.23%
xrp
XRP (XRP) $ 2.47 3.41%
tether
Tether (USDT) $ 1.00 0.02%
bnb
BNB (BNB) $ 640.67 3.99%
solana
Solana (SOL) $ 159.01 6.96%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.229895 5.85%
cardano
Cardano (ADA) $ 0.736751 3.99%
staked-ether
Lido Staked Ether (STETH) $ 2,699.80 2.06%
tron
TRON (TRX) $ 0.242588 0.34%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,318.54 0.95%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,231.99 1.78%
chainlink
Chainlink (LINK) $ 16.65 6.46%
sui
Sui (SUI) $ 3.25 4.29%
avalanche-2
Avalanche (AVAX) $ 23.91 6.64%
stellar
Stellar (XLM) $ 0.320467 3.19%
the-open-network
Toncoin (TON) $ 3.72 1.48%
litecoin
Litecoin (LTC) $ 122.59 2.78%
leo-token
LEO Token (LEO) $ 9.75 0.51%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 4.66%
hedera-hashgraph
Hedera (HBAR) $ 0.204695 4.21%
usds
USDS (USDS) $ 1.00 0.03%
mantra-dao
MANTRA (OM) $ 8.49 1.24%
weth
WETH (WETH) $ 2,702.35 2.19%
polkadot
Polkadot (DOT) $ 4.77 5.24%
hyperliquid
Hyperliquid (HYPE) $ 21.94 9.28%
bitcoin-cash
Bitcoin Cash (BCH) $ 317.89 2.62%
bitget-token
Bitget Token (BGB) $ 4.92 4.34%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,866.15 2.15%
uniswap
Uniswap (UNI) $ 8.65 4.07%
monero
Monero (XMR) $ 233.94 0.62%
whitebit
WhiteBIT Coin (WBT) $ 27.45 0.04%
near
NEAR Protocol (NEAR) $ 3.30 4.34%
pepe
Pepe (PEPE) $ 0.000009 5.25%
aave
Aave (AAVE) $ 237.00 3.72%
dai
Dai (DAI) $ 0.999918 0.05%
ondo-finance
Ondo (ONDO) $ 1.08 5.80%
bittensor
Bittensor (TAO) $ 406.02 5.91%
aptos
Aptos (APT) $ 5.79 3.46%
internet-computer
Internet Computer (ICP) $ 6.86 4.10%
tokenize-xchange
Tokenize Xchange (TKX) $ 38.92 2.20%
official-trump
Official Trump (TRUMP) $ 15.12 6.81%
ethereum-classic
Ethereum Classic (ETC) $ 19.90 3.24%
mantle
Mantle (MNT) $ 0.887292 2.96%
okb
OKB (OKB) $ 48.21 2.47%
gatechain-token
Gate (GT) $ 22.83 2.46%
susds
sUSDS (SUSDS) $ 1.04 0.24%
sonic-3
Sonic (prev. FTM) (S) $ 0.842432 5.10%