INGDutch bank shares stood at 6.98 percent of Indra’s capital, marking ING as one of the principal shareholders alongside the company’s public disclosures filed with the National Securities Markets Commission. A large portion of ING’s stake, about 5.166 percent, was mediated through financial instruments, while the remaining 1.814 percent represented direct participation in Indra itself, a move that underscores the bank’s strategic interest in the technology group. The value of this stake, in the hands of the main shareholder SEPIA, reached around 25.159 percent, approximately two hundred million euros based on Wednesday’s trading levels.
Other notable Indra shareholders include Fidelity Management Research with about 5.24 percent and Amber Capital, associated with Joseph Oghourlian, a key investor in the PRISA group and owner of CincoDías and El País through Amber Capital. Indra shares rose about 2.69 percent on the latest session, pushing the market capitalization toward 2.755 billion euros as trading progressed, reflecting renewed investor confidence in the company’s growth trajectory.
The company’s strategic blueprint for the near term, unveiled to investors and market observers in early 2024, outlines a plan aimed at elevating Indra to the forefront of defense and technology sectors in Spain. The announcement, attributed to the CEO José Vicente de los Mozos, signals a broader push to strengthen the company’s capital structure and expand its role in strategic sectors. A core element of this plan involves exploring opportunities to participate in capital projects beyond the current core businesses, including potential involvement in capital ventures related to key communications and defense assets. Hispasat, a platform with strategic value, remains under the influence of its two major shareholders, the state and Redeia, the latter formerly Red Eléctrica, highlighting the state’s continued interest in critical infrastructure through diversified ownership.
Market sentiment also responded to remarks from political leadership. The Spanish government’s president, Pedro Sánchez, granted an interview in which he emphasized that Spain should strengthen its defense industrial base and pursue a transformation that prioritizes Spanish companies within the European Union framework. The statements were interpreted by investors as a signal of government support for domestic capacity expansion and for initiatives that could boost exports and technological self-reliance across the defense sector.
Analysts from major institutions have adjusted their valuation models in response to these developments. Morgan Stanley, for instance, revised Indra’s price target upward to around 14.80 euros per share, up from 11.65 euros previously. Yet this revised target still trails the stock’s current market price, which has reached record highs amid positive earnings prospects and the prospect of closer ties to defense and technology initiatives within the EU context. The evolving narrative around Indra combines strategic corporate moves, international investor activity, and public sector support, suggesting a period of heightened attention from both domestic and international players as the company seeks to consolidate its leadership in its chosen arenas.