SEPI

Sociedad Estatal de Participaciones Industriales (SEPI) is a Spanish state holding company that can be characterized as a National Wealth Fund controlled by the Spanish Treasury and Public Administration Ministry , and reports directly to the Minister.

Formerly Instituto Nacional de Industria and the Instituto Nacional de Hidrocarburos fulfilled a similar role, but in 1995 SEPI was created initially as part of a provisional restructuring authorized by Decree 5/1995, on June 16, later ratified by an Act of Parliament 5/1999 on January 10, 1996, which provided for the creation of various public legal entities which also abolished both the INI and INH.

SEPI has a direct and majority participation in 19 companies, which make up the Grupo SEPI, with a final workforce over 80,000 workers. It also has competences on the Corporación Radiotelevisión Española and on the Ente Público RTVE, which is attached to this state-owned enterprise, as well as on a controlled public foundation. Equally, it has minority direct shareholdings in 7 companies, and indirect shareholdings in more than 100 companies.

The SEPI Group is organized into 4 categories taking into account the activity and the functions which these companies carry out:

SEPI also has minority shareholdings in the following companies: ENAGÁS (Spanish listed company operating national gas supply networks), ENRESA nuclear residue processing (SEPI 20% and CIEMAT 80%) and RED ELÉCTRICA CORPORACIÓN (Spanish listed company operating national electricity supply networks).

SEPI also holds minority shareholdings in the following companies: EADS Aircraft NV and HISPASAT satellite communications.

It is also in charge of the overview of the social trust fund FUNDACIÓN SEPI which arranges internships, student loans, and grants for technical training and business development activities.

SEPI, as a state-owned company has indirect shareholdings in more than 100 commercial enterprises and still retains some minority shareholding in INTERNATIONAL AIRLINES GROUP (IAG formerly Spanair/BA) and ESPAÑA EXPANSIÓN EXTERIOR (Spanish exports development consulting, finance and technical assistance within foreign markets).

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Wikipedia