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    Home > Finance > Third Point buys stake in Spanish defence firm Indra, source says
    Finance

    Third Point buys stake in Spanish defence firm Indra, source says

    Published by Global Banking & Finance Review®

    Posted on February 16, 2026

    2 min read

    Last updated: February 16, 2026

    Third Point buys stake in Spanish defence firm Indra, source says - Finance news and analysis from Global Banking & Finance Review
    Tags:investmentcorporate governanceacquisitionfinancial managementHedge Funds

    Quick Summary

    Third Point has acquired a stake in Indra, supporting its plan to acquire Escribano Mechanical, despite shareholder concerns.

    Table of Contents

    • Third Point's Investment in Indra
    • Details of the Acquisition
    • Reactions from Indra and Sepi
    • Future Plans for Escribano Mechanical Engineering

    Third Point buys stake in Spanish defence firm Indra, source

    Third Point's Investment in Indra

    MADRID, Feb 16 (Reuters) - U.S. hedge fund Third Point has bought a stake in Spanish defence company Indra and supports its chairman's plan to acquire smaller rival Escribano Mechanical & Engineering, a market source familiar with the matter told Reuters on Monday.

    Details of the Acquisition

    A spokesperson for Indra declined to comment on Third Point's purchase, which was first reported by Bloomberg. This cited a letter sent to Indra's board and holding group Sepi, which manages Madrid's 28% stake in the company. 

    Reactions from Indra and Sepi

    The size of the stake was not mentioned in the letter.

    Future Plans for Escribano Mechanical Engineering

    A spokesperson for Sepi also declined to comment.

    The potential acquisition of Escribano Mechanical & Engineering, which is owned by Indra chairman Angel Escribano and his brother Javier, has caused tension among some Indra shareholders concerned about conflicts of interest. 

    Third Point's chief executive Dan Loeb wrote in his letter to Indra and Sepi that he strongly supported the plan to acquire EM&E, viewing it as a unique opportunity to create a Spanish defense champion, Bloomberg reported.

    (Reporting by Paolo Laudani and Victoria Waldersee, Editing by Alexander Smith)

    Key Takeaways

    • •Third Point has acquired a stake in Indra.
    • •The hedge fund supports Indra's plan to acquire Escribano Mechanical.
    • •Indra's acquisition plan has caused shareholder tension.
    • •Dan Loeb sees the acquisition as a chance to create a defense champion.
    • •Indra and Sepi have not commented on the acquisition.

    Frequently Asked Questions about Third Point buys stake in Spanish defence firm Indra, source says

    1What is an acquisition?

    An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.

    2What is corporate governance?

    Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, focusing on the relationships among stakeholders.

    3What is a hedge fund?

    A hedge fund is an investment fund that employs various strategies to earn active return for its investors, often using leverage and derivatives.

    4What is investment?

    Investment refers to the allocation of resources, usually money, in order to generate income or profit, typically through the purchase of assets.

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