SEPI

congreso diputados1

The State To Enter Spanish Companies Via The Purchase Of Shares, Debt Or Other Convertible Instruments

The fund worth €10 Bn will rescue companies with solvency problems such as airlines and hotel chains damaged by Covid-19. It will be managed by the State Society of Industrial Participations (SEPI) and will allow the state to temporarily enter, for 6 or 7 years, the capital of private firms This will be done with the purchase of shares, debt or any other instrument convertible into capital. If after that time the company needs additional support, it will need a restructuring plan which will be transferred to Europe.


Correos1

Will Correos follow Deutsche Post’s privatisation model?

By Sergio Sáiz | www.expansion.com | SEPI, the State organisation that holds public stakes in Spanish companies, could obtain between €700 million and €2.5 billion with the privatisation of the national postal group Correos. It will depend on the formula used to sell it. The case of Deutsche Post could be a model to imitate. Correos has a staff of around 62,000 people. This point, which could be an engine for employment in Spain,…