August 23, 2014 12:26 PM ET

Industrial Conglomerates

Company Overview of Sociedad Estatal de Participaciones Industriales

Company Overview

Sociedad Estatal de Participaciones Industriales, through its subsidiaries, is engaged in the acquisition, fermentation, processing, beat, fitting-out, and commercialization of loose tobacco for cigarette production. Its business activities also include news agency services; a horse racetrack operation; the promotion and export of Spanish goods and services; universal postal services; radio and television services; consultancy for the location of companies that are planning to invest or to expand in Spain; participation into the capital, participative loans, and credit lines; and the management of portfolio of companies. In addition, its business activities include rural development, the pre...

Calle Velázquez, 134

Madrid,  28006

Spain

Founded in 1995

Phone:

34 91 396 10 00

Fax:

34 91 396 15 60

Key Executives for Sociedad Estatal de Participaciones Industriales

Chief Financial Officer
Age: 57
Managing Director and Member of Management Board
Head of Internal Auditing and Member of Management Board
Head of Chairman’S Office and Member of Management Board
Compensation as of Fiscal Year 2014.

Sociedad Estatal de Participaciones Industriales Key Developments

Government Reportedly Drafting Bill For Red's Privatization

A draft bill, part of the ongoing reform of the Spanish power sector, is about to pave the way for the entire privatisation of electricity grid operator Red Eléctrica Corporación S A. (CATS:REE), Europa Press said on July 15, 2013. The current bill of 1997 impedes private firms to have more than 3% voting rights in Red Electrica and in the case of energy companies -- no more than 1%. The total stake of the private power firms in the grid operator cannot exceed 40%. The new piece of legislation is about to abolish these restrictions and Sociedad Estatal de Participaciones Industriales may opt for selling part or all of its 20% in Red Electrica. The other 80% in the company are free float.

Sociedad Estatal To Privatize Renosa

Sociedad Estatal de Participaciones Industriales (SEPI) is planning to start shortly a privatization procedure for Renosa S.A., owned by Navantia S.A. Although the privatization of Renosa is still not announced officially, SEPI has not waived its intention to sell the company, as such a deal will have a positive effect on the accounts of Navantia, reported La Voz de Galicia daily. SEPI approved the privatization of Renosa in February 2013. Initially, the Spanish government was planning to integrate Renosa into Navantia, but throughout 2012 it realized that the privatization is a better option.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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