The Diplomat
The Council of Ministers yesterday authorized two investments by French and Belgian companies in Spanish companies working in the National Defense sector.
Specifically, the Government authorized, with the approval of the Board of Foreign Investments, that the investment of Techno Pro France SRL to acquire 60% of the share capital of the Spanish company Techno Pro Hispania SL, can be allocated to activities related to National Defense.
The Spanish company Techno Pro Hispania SL has as its main activity the provision of integrated project management services, conceptual and contractual engineering, basic and classification engineering, detailed engineering, production engineering, integrated logistic support (lLS), consulting and technical assistance.
In addition, the Executive authorized, also with the approval of the Board of Foreign Investments, that the investment of the Belgian firm “CMI Defence S.A.”, to acquire 100% of the share capital in the company John Cockerill España, S.L.U. can be used for activities related to National Defense.
The main activity of the Spanish company John Cockerill España, S.L.U. is the implementation of defense equipment and systems, as well as the provision of training, maintenance and other services related to such equipment and systems.
