Indra’s $435 Million voluntary tender offer for 100% of the share capital of Tecnocom


Philippi, Prietocarrizosa, Ferrero DU & Uría has advised Indra Sistemas S.A. on the formal request to market regulator for authorization of its takeover bid

Indra, a major global consulting and technology company, has announced its intention to launch a voluntary tender offer for 100% of the share capital of Tecnocom. Indra has subscribed irrevocable commitments with Tecnocom’s shareholders representing 52.7% of the share capital.

The deal will provide major value creation potential for Indra shareholders based on a solid industrial rationale and quantified costs and revenues annual synergies of more than €40 million.

Philippi, Prietocarrizosa, Ferrero DU & Uría has advised Indra Sistemas S.A in securing the authorization from Superintendencia de Industria y Comercio de Colombia with a team led by Diego Cardona (Picture).

Involved fees earner: Diego Cardona Baquero – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Indra Sistemas, S.A.;

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Author: Ambrogio Visconti.