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Gobierno de España - Ministerio de Hacienda y Función Pública
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History

1999

In 1999 began the privatization process for 30% of ENDESA through a public offering. On April 1999 it was resolved to place a further 30% shareholding participation among institutional investors (Caja Madrid, 10%; BBV, 7.3%; Logista, 6.7%; El Corte Inglés, 3% and Ahorro Corporación, 3%). The sale to IBERIA of the shareholding participation which SEPI had in AVIACO also took place in that year.

Besides start a number of actions linked to privatization transactions, among which are the following:

  • Agreement for the sale of ICSA and AYA to Mecanizaciones Aeronáuticas
  • As part of IBERIA’s privatization process took place the selection of the institutional investors which will purchase in the end 30% of IBERIA’s capital
  • Start of CASA’s privatization process
  • Start of MUSINI’s privatization process
  • Agreement for the sale of INITEC to Técnicas Reunidas and Westinghouse Electric Co.
  • Agreement for the sale of LM COMPOSITES LM Glasfiber
  • Start of the privatization process of INESPAL CONVERSIÓN
  • Agreement for the sale of ENATCAR to Alianza Bus
  • Agreement for the sale of TGI to Doxa
  • Agreement for the sale of ASTANDER to Italmar
  • Agreement for the sale of BINTER CANARIAS

Equally, the Council of Ministers resolved to authorize SEPI on January 1999 to sell 66.09% of its participation in INDRA, through a public offering, transaction which was carried out on March.

At the same time the privatization process of RED ELÉCTRICA DE ESPAÑA, which began in the previous year, continues, and an agreement of principle is reached with DaimlerChrystler for the integration of CASA and DASA into a new European aerospace company (EADS).

During this financial year the Foundation for the Development of Coal Mining Areas (Fundación para el Desarrollo de las Zonas Mineras del Carbón) is set up, and the mechanisms for the follow up of the plans applied in the companies privatized during the financial years 1997 and 1998 are started; of special significance among them are those for Almagrera, Aceralia, Inespal, Grupo Potasas and Barreras.

Finally, the building of Plaza de Marqués de Salamanca was transferred to Patrimonio del Estado, and as a result, SEPI’s domicile was moved to its current location at the office buildings located on Velázquez street, 134 in Madrid.

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