Indra Group has entered into an agreement with Redeia Corporación for the acquisition of 89.68% of the share capital of Hispasat

Indra Group has entered into an agreement with Redeia Corporación for the acquisition of 89.68% of the share capital of Hispasat, a satellite operator and service provider, for a total amount of 725 million euros.

To this end, Indra Group has secured financing for a total of 700 million euros, with the remaining amount to be covered with existing cash on balance.

The transaction is subject to the fulfilment of several conditions precedent which are essentially regulatory in nature, both in Spain and in other jurisdictions, as well as to the approval by Indra's General Shareholders' Meeting, and to the execution of those agreements necessary for the accounting consolidation of Hisdesat Servicios Estratégicos S.A. by Indra, an operator of government satellite services in the fields of defence, security, intelligence and foreign affairs.