US hedge fund Third Point has taken a stake in Spanish defence and technology group Indra and is backing plans by the company’s chairman to acquire smaller rival Escribano Mechanical & Engineering, according to a report by Bloomberg.
The report cites an unnamed source familiar with the matter as highlighting that he investment was disclosed in a letter sent to Indra’s board and state holding company SEPI, which controls a 28% stake in the business. The size of Third Point’s holding was not d...
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