Editorial: El Mundo

• The 4% drop in Indra's share reflects the market's reaction to the 725 million euros paid for Hispasat.
• This is the second business operation promoted by the Government in two weeks.
• The Government is the minority shareholder of both Indra and Hispasat.
• The drop in Indra's share price is interpreted as disapproval of the price and terms set by the Government.
• Indra could potentially become a key player across the satellite chain in Europe, which is particularly relevant in this geopolitical context.
• The Government needs to manage its stake in defense and telecommunications companies with economic rationale and without causing investor alarm.

Conclusion: Indra's purchase of Hispasat has caused market concern due to the perception of an excessive purchase price. However, the operation has the potential to strengthen Indra as a key player in the satellite sector and help advance EU's strategic autonomy.

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