Politics · Spain · 2 hrs ago
Spain says it plays an active role in planning companies held by SEPI
The Spanish government says it plays an active role in setting the strategic direction of companies in which the state-owned SEPI holds shares.
SEPI is a public holding company under the Finance Ministry, with stakes in firms including Telefónica, Indra, Redeia and Hispasat.
The government says it sets plans for companies it controls and management criteria for companies where it is a minority shareholder, guided by the public interest.
It says state involvement can help companies withstand crises, encourage investment and support the adoption of new technology.
The explanation was given in a written response to questions from Vox lawmakers about SEPI’s holdings and former officials serving on company boards.
It makes the government’s stated role in guiding these businesses explicit, including in sectors such as energy, defence and telecommunications.
The response comes amid political debate over state ownership and the management of major listed companies ahead of Spain’s general election on November 29.
The Spanish government says it plays an active role in planning the strategy of companies in which the state holding SEPI has stakes.
The government says SEPI sets strategy for companies where it is a majority shareholder and management criteria for minority stakes, in line with the public interest.
It says state participation aims to support industrial resilience, investment and adaptation to technological challenges.
The statement was made in a written parliamentary response to questions from Vox deputies about SEPI’s holdings and company boards.
- Who
- The Spanish government, through SEPI, which is attached to the Finance Ministry.
- What
- The government says it actively helps plan the strategy of companies in which SEPI holds shares.
- When
- The written response was registered in Congress on September 22. The deputies’ initiative was filed in July.
- Where
- Spain; the response was registered in the Congress of Deputies.
- Why
- The government says its role supports the public interest, industrial resilience, investment and adaptation to technological challenges.
Spanish government
Vox and the People’s Party
State role in companies
Spanish government
The government says SEPI sets strategy for majority-owned firms and management criteria for minority stakes, in line with the public interest.
Vox and the People’s Party
Vox argues that greater state ownership distorts markets and private-governance principles; PP leader Alberto Núñez Feijóo has called for the Ibex 35 to be depoliticised.
participates very actively in the strategic planning of companies belonging to the public holding, both majority and minority-owned
to set the strategy and planning of public-sector companies in which it is the majority shareholder
to set the criteria for managing stakes in private companies in which it is a minority shareholder, always in accordance with the public interest
responds to a long-term vision, with a stable character in those sectors
Vox deputies filed a written parliamentary initiative asking about SEPI’s stakes and former government officials on company boards.
The government’s written response was registered in the Congress of Deputies.
El País published its report on the government’s response.
Spain’s general election is scheduled, according to the article.
- State holding
- Sociedad Estatal de Participaciones Industriales (SEPI)
- Companies named
- Telefónica, Indra, Redeia and Hispasat
- Strategic sectors listed
- Defence, energy, telecommunications, transport, agriculture, aerospace and postal services
- Vox deputies
- Emilio Jesús Del Valle, Jacobo González-Robatto, Andrés Alberto Rodríguez and Pablo Sáez Alonso-Muñumer
- Government response registered
- September 22
- General election date stated
- November 29
Sources
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