Business · Companies · 12 hrs ago
Amber Capital cuts its Indra stake below 5% but keeps board seat
Amber Capital has cut its stake in Indra to below 5%.
The investment fund said the reduction was due to financial considerations and the size of its portfolio.
Indra is a publicly listed company.
Amber Capital will keep its seat on Indra’s board despite owning a smaller share of the company.
This means its ownership is falling while its board representation remains.
The available information does not say whether Amber Capital plans further changes to its stake.
Amber Capital cut its stake in Indra to 3.398%, down from 6.231%, according to Spanish market regulator records cited by Expansión.
The investment fund will keep its seat on Indra’s board, where it is represented by Magdalena Bertram.
Cinco Días reported that the sale was for financial reasons and to adjust the size of Amber’s portfolio.
Amber’s holding had been 7.24% at the start of 2026, and it had already reduced its stake in February.
At Indra’s closing share price of €63.68, Amber’s remaining stake was valued at €382.23 million.
- Who
- Amber Capital, the investment fund controlled by Joseph Oughourlian.
- What
- It reduced its Indra stake to 3.398% but will keep its board seat.
- When
- The reduction was reported on October 16, 2026; Expansión says it took place the previous day.
- Where
- Indra.
- Why
- Cinco Días says the reduction was for financial reasons and to adjust portfolio size.
This story does not have two clearly opposing sides.
Amber disclosed a 3.23% stake in Indra, when the shares traded at €10.74.
Amber held 7.24% of Indra’s capital.
Amber reduced its stake in Indra.
Amber reduced its stake to 3.398%, according to Expansión.
- Current stake
- 3.398%
- Previous reported stake
- 6.231%
- Board representative
- Magdalena Bertram
- Indra board size
- 15 members
- Remaining stake valuation
- €382.23 million
- Shares sold
- 2.833% of Indra, valued at nearly €320 million at current market prices