Published by Global Banking & Finance Review®
Posted on February 16, 2026
2 min readLast updated: February 16, 2026
Add as preferred source on GoogleThird Point has acquired a stake in Indra, supporting its plan to acquire Escribano Mechanical, despite shareholder concerns.
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.
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.
The size of the stake was not mentioned in the letter.
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)
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.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled, focusing on the relationships among stakeholders.
A hedge fund is an investment fund that employs various strategies to earn active return for its investors, often using leverage and derivatives.
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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