The rain of millions that the sharp increase in defense spending will bring, without historical precedents, It causes a fair number of trade movements With the aim of preserving the majority of the cake. In this “war”, not even a formation … Part of the same consortium is to ensure that it does not suffer harsh attacks from its partners.
Tess Defense, formed by Indra, Escribano, General Dynamics (formerly Santa Barbara) and Saba Placencia, responsible for the manufacture of the new Dragon 8×8 armored vehicles, is considered exemplary. The first two companies, led by brothers Angel and Javier, respectively, are in full negotiations to create a leading national group in the defense industry. The capital gains that Al-Ansar expects from this operation range between 1,000 and 1,500 million euros.
However, part of Indra’s shareholders are against the acquisition of Escribano by this company. In a related context, Saba, which owns 8 percent of the former’s shares, maintains this position because it sees a clear conflict of interest, as the brothers own 14.3 percent of the shares of the company that Indra will buy, which will be the largest beneficiary of this process, according to all analysts. This means; Ultimately, it will be those responsible for the two companies involved.
The trade war within Tess Defense also happened with 8x8s. Indra and Escribano blamed General Dynamics for the delay in the delivery of the armored vehicle and for this reason they launched letters through the media. Indra even hired managers or former managers of its competition, which it apparently wanted to buy out.
This situation means that Tess Defense is not a unified or cohesive union, so it is an illusion that they solve the problems of the 8×8 program together by looking for the culprit rather than a way to solve the problem.
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