This public law entity was created, as was SEPI, by Royal Law Decree 5/1995, on June 16th, later transformed into Act 5/1996, on January 10th, for the creation of certain public law entities, attached to the Ministry of Industry and Energy, and whose activity is subjected to private law.
The AIE was the replacement, together with SEPI, of the historic Instituto Nacional de Industria (INI), with the objective of applying the Government's guidelines in industrial reorganization and rationalization, special regimes and partial derogations of the EU norms regarding competition.
The main functions which were attributed to the AIE were those of establishing the strategy, the overview of the planning and to promote, lead, coordinate and control the activities of the enterprises in which it had a majority participation, in a direct and indirect way, making the follow-up of the execution and guaranteeing the fulfillment of the objectives which might have been set up. It was also in charge, as the managing Agent, of the privatizations of those enterprises in its custody.
To the Agencia Industrial del Estado shareholdings portfolio were transferred INI loss-making enterprises which received contributions from the General State Budget for their operations: ASTILLEROS ESPAÑOLES, ASTANO, H. J. BARRERAS, SANTA BÁRBARA, BAZÁN, HUNOSA, MINAS DE FIGAREDO, PRESUR, PRODUCTOS TUBULARES, CORPORACIÓN SIDERÚRGICA INTEGRAL, SIDENOR, AHV-ENSIDESA CAPITAL, ALTOS HORNOS DEL MEDITERRÁNEO and POTASAS DE NAVARRA.
On September 5th, 1997, the Council of Ministers authorized the take over by the Sociedad Estatal de Participaciones Industriales (SEPI) of the enterprises of the AIE, as well as of all its rights and obligations, with the result that the Agencia Industrial del Estado was abolished. (Royal Law Decree 15/1997)
Chairmen of the Agencia Industrial del Estado
Antonio Fernández Segura (July 31st, 1995 to June 14th, 1996)
Francisco Prada Gayoso (June 14th, 1996 to September 5th, 1997)