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BRIEF-Indra Sistemas says unit in Brazil sanctioned
March 6, 2017 / 6:27 AM / 9 months ago

BRIEF-Indra Sistemas says unit in Brazil sanctioned

March 6 (Reuters) - Indra Sistemas SA :

* Said on Sunday that one of its Brazilian units, Grupo Indra Brasil Solucoes e Servicos Tecnologicos, has been put under administrative sanction, which restrains the unit from taking part in public tenders in Brazil

* The sanction does not influence existing contracts in progress or contract of other Brazilian units of Indra

* Does not expect the sanction to have significant impact on the group on consolidated level

* Says has appealed the decision to relevant court

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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