SEPI

SEPI (Sociedad Estatal de Participaciones Industriales) is a Spanish state-owned industrial holding company. It is currently newsworthy due to investigations into its financial decisions, particularly regarding the rescue of companies like Plus Ultra and Air Europa. Belén Gualda, the president of SEPI, has testified before the Senate, denying any undue influence from political figures in these decisions and defending the "solvency" of Plus Ultra, despite its limited repayment of funds. SEPI is also a major shareholder in Indra, a strategic technology and defense company. Recent events include the forced resignation of Indra's president, Ángel Escribano, reportedly due to clashes with SEPI, and the subsequent government interest in a merger between Indra and Escribano Mechanical & Engineering (EM&E). The potential acquisition of EM&E by the German military giant Rheinmetall is also under government review. SEPI's role in these events highlights its significant influence in the Spanish economy and defense sector.