Indra Group CEO José Vicente de los Mozos defended the advantages of his company's integration with Escribano Mechanical and Engineering (EM&E) at the Forum Europa in Brussels on Thursday and guaranteed "maximum transparency" in response to the possible conflict of interest arising from the fact that its chairman, Ángel Escribano, is co-owner of the military manufacturer.
During his speech at this informative meeting organised in the EU capital by New Economy Forum, De los Mozos was asked about the progress of the merger with Escribano, one day after it was reported that Indra's minority shareholders had asked the CNMV to investigate the operation due to this hypothetical conflict of interest.