Finance
Spain's Indra to buy Hispasat from Redeia for $679 million, El Pais reports
Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Indra plans to buy Hispasat from Redeia for $679 million, focusing on the satellite operator's military unit to expand its space industry presence.
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.
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)
(Reporting by Javi West Larrañaga in Gdansk; editing by Inti Landauro and Jason Neely)
The main topic is Indra's planned acquisition of Hispasat from Redeia for $679 million to expand in the space industry.
Indra is mainly interested in Hispasat's military unit to enhance its defense and aerospace capabilities.
The acquisition allows Indra to expand its presence in the space industry and benefit from increased European military budgets.
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