Indra denies participating in the ITP purchase process with Bain Capital




Indra’s official sources have confirmed to ABC on Monday that the multinational “is not involved in any process related to the sale of ITP”, as published by ‘El Confidencial’ today. The process of selling the Spanish turboprop manufacturer ITP enters a decisive phase this week.

Indra negotiated in 2019 the acquisition of a controlling stake in ITP from Rolls-Royce. The talks then ended without an agreement between the parties.

The newspaper ‘El Confidencial’ publishes this Monday that The Bain Capital fund has the participation of the Spanish companies Indra and Sener for the ITP purchase process, but it is open to state or Basque public companies such as SEPI, Socade or any other. What a Spanish majority on the board of directors can ensure.

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