Spanish defence group chair quits after M&A clash with government
Indra’s Ángel Escribano to step down after planned tie-up of EM&E was abandoned following conflict of interest concerns
Indra’s Ángel Escribano to step down after planned tie-up of EM&E was abandoned following conflict of interest concerns

EM&E’s co-founder seeks deal with aspiring national champion Indra — whose chair is his elder sibling

Discussions failed after UK refused to pay billions of euros in fees

France, Italy, Spain and Poland among countries requesting support from project designed to spur defence spending

Move by Energy & Minerals Group to sell stake in Ascent Resources highlights potential conflicts in ‘continuation deals’

Investors question if some institutions rubber-stamp deals that could benefit other businesses

Move comes days after details emerge of Madrid’s €12mn wiretap contract with Chinese tech company