Indra's shares returned this Wednesday to gains on the stock market, with increases above 3%, despite the probable resignation of Ángel Escribano as president of the company throughout the afternoon.
Around 5:00 p.m., the shares of the technology and defense group registered a rise of 3.3%, standing at 48.80 euros.
Moments after the news about the foreseeable resignation became known, Indra's shares plunged by 6.44%, to 44.20 euros, despite having previously registered an advance of 4.87% and marking an intraday high of 49.540 euros.
The option that Indra's CEO, José Vicente de los Mozos, temporarily assumes all executive powers while the governing bodies define a new power and governance structure in the company seemed to reassure investors and restore confidence in the value. With this, fears of an eventual power vacuum at Indra were dispelled.
In this context, the company's shares returned to positive territory in a clearly bullish session for the Ibex 35, which advanced more than 3% and presented all its components in green, except Enagás and Repsol.
Escribano will predictably present this afternoon his resignation from all his positions in the company within the framework of an extraordinary board meeting that will be held this Wednesday at five in the afternoon to specifically address this matter.
Escribano's departure occurs after several weeks of pressure from the Government, channeled through the State Society of Industrial Participations (SEPI), for him to leave the presidency of the technology and defense firm as a way to resolve the conflict of interest generated by the possible integration into Indra of the Escribano family business.