PoliticsNotableReportedDeveloping
5.2
Spanish elections cloud defense and telecom roadmaps of Indra, Telefónica, Navantia
ExpansiónLO·ES·2 days ago
Sapa Placencia's 2025 net profit rose to €14.1M, a fivefold increase, driven by the €33.74M sale of an 8.3% stake in Tess Defence to Indra. The transaction boosts Sapa's cash position and reflects consolidation in Spain's defense sector, though the one-off nature of the gain tempers its operational signal.