Spain’s defence company Indra has wrapped its agreed purchase of 89.7 per cent of Madrid-based satellite operator Hispasat from Redeia for €725 million, the company confirmed in a filing to the Spanish stock market regulator. The Spanish government has already approved the deal. But almost coincidentally, the business lost a major satellite. Redeia is mainly […]

Spanish defence contractor Indra is reportedly looking to buy Madrid-based satellite operator Hispasat. The report, from Spanish business newspaper Cinco Dias, says that Indra is looking to dispose of €800 million-worth of assets in order to free up cash to make the bid. Hispasat is majority-owned by Spanish power generator Red Electra which holds an […]