Sociedad Estatal de Participaciones Industriales

Sociedad Estatal de Participaciones Industriales

Trading name	SEPI
Type	State-owned public company National wealth fund
Founded	(1995 (1995))
Headquarters	Madrid, Spain
Key people	Pilar Platero, President[1]
Operating income	4.453 millones de €[2]
Net income	151 millones de €[2]
Owner	Spanish Government
Number of employees	73,239 (2015)[2]
Subsidiaries	See SEPI Group
Website	www.sepi.es

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 Group

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:

Energy industry investment division

• ENSA (Nuclear power operator)
• GRUPO ENUSA (Nuclear fuel producer)
• GRUPO HUNOSA (Coal mining)
• GRUPO SEPIDES (Energy Consulting)

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).

Defense industry investment division

• DEFEX Defence materiel exporting and security consulting
• IZAR Boatbuilding (in liquidation),
• GRUPO NAVANTIA. Military and civil naval construction

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

Food and environment industries division

• CETARSA Tabacco
• HIPÓDROMO DE LA ZARZUELA Royal horsracing
• MAYASA consulting and project management
• GRUPO MERCAS wholsale markets
• SAECA food sector investment
• GRUPO TRAGSA rural and agricultural development
• ALIMENTOS Y ACEITES producer of fine food and olive oil (and has a significant shareholding in EBRO FOODS which produces and markets rice, pasta sauces etc.).

Communication industry investment division

• AGENCIA EFE News gathering
• CORPORACIÓN RTVE State broadcaster
• ENTE PÚBLICO RTVE Public information service to promote citizen participation
• GRUPO COFIVACASA Real estate and construction
• GRUPO CORREOS National postal service, mail delivery and money transactions

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).

SEPI Privatisation Activity

List of publicly owned assets disposed up to March 2015.^[3]

References

External links

• Company website
• Company website (in Spanish)