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In 1997 the Agencia Industrial del Estado (A.I.E.) is eliminated. This public law entity was incorporated, as SEPI, by Royal Law Decree 5/1995, on June 16th, which later was converted into Act 5/1996, on January 10th, for the set up of a certain number of public law entities, attached to the Ministry of Industry and Energy, and whose activity is subject to private law.

On September 5th, 1997, the Council of Ministers resolved that the state-owned industrial holding company Sociedad Estatal de Participaciones Industriales (SEPI) should take over AIE’s companies, as well as all of their rights and obligations. As a result, the Agencia Industrial del Estado was eliminated. (Royal Law Decree 15/1997).

Thus, all the shareholding participations, assets, rights and obligations of the Agencia Industrial del Estado are transferred to SEPI.

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