Finance
Spain's defence company Indra buys satellite operator Hispasat
Published by Global Banking & Finance Review®
Posted on January 31, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 31, 2025
1 min readLast updated: January 26, 2026
Indra acquires 89.7% of Hispasat for €725M, enhancing its aerospace focus amid rising military budgets. The deal awaits regulatory approval.
MADRID (Reuters) - Spain's defence company Indra agreed to buy 89.7% of satellite operator Hispasat from Redeia for 725 million euros ($752.26 million), the company said on Friday in a filing to the stock market regulator.
The deal still requires regulatory approvals.
Government-controlled Redeia, principally engaged in the energy sector, focuses on the management and operation of high-voltage electricity transmission grids.
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 = 0.9638 euros)
(Reporting by Inti Landauro and Ana Cantero; Editing by Alistair Bell)
Indra is acquiring 89.7% of satellite operator Hispasat.
The acquisition deal is valued at 725 million euros, which is approximately $752.26 million.
The deal requires regulatory approvals before it can be finalized.
Redeia is principally engaged in the energy sector, focusing on the management and operation of high-voltage electricity transmission grids.
Indra is 28% owned by the Spanish government.
Explore more articles in the Finance category
