J.P. Morgan acquires 10.6% of Spanish defense contractor Indela, becoming the second largest shareholder

環球市場播報 ·  11/30/2023 15:53

According to a regulatory document released on Thursday, J.P. Morgan, the largest bank in the US, has acquired a 10.6% stake in Spanish defense systems manufacturer Indra (Indra).

After the deal was completed, J.P. Morgan became Indra's second largest shareholder, after Spain's state-owned holding company SEPI, which holds 25.2% of the company's shares.

At current market prices, J.P. Morgan's shares in Indra are worth about 268 million euros (US$294 million).

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