Navantia

NAVANTIA is a Spanish state-owned company which belongs to the Sociedad Estatal de Participaciones Industriales (SEPI), which controls 100% of its capital.SEPI is a public-law entity, whose activities are regulated by private law, and which is attached to the Ministerio de Hacienda y Administraciones Públicas (Ministry of Finance and Public Administrations) being directly answerable to the Minister.Grupo SEPI is made up by a group of state-owned companies, which are very diversified from the standpoint of their social purposes: Mining, shipbuilding, communication, food distribution, infrastructure management, tobacco, entrepreneurial promotion, food processing and the environment, leisure, nuclear and sundry services.Moreover, SEPI has powers over the state-owned radio and television enterprise, the Corporación Radio Televisión Española (RTVE), oversees a state foundation, and has direct minority participations in several enterprises, and indirect in over a hundred companies.