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Investment fund with private entities

Participation of SODENA: 25%

SODENA has a 25% stake in this fund and also manages it. Constituted in January 2000 with a share capital of 6.01 million euros, the company was created to develop or promote companies through temporary participation in their capital and the carrying out of the operations contemplated in article 167 of the Navarra Law 24/1996.

Other entities that participate in this fund are:
MCC Inversiones S.P.E. (25%), Grupo Corporativo Empresarial Caja Navarra (25%), Caja Rural de Navarra (12,5%) and Banco de Vasconia (12,5%).

 
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www.mcc.es

"The creation of this Investment Fund, in which we study projects - and also share risks - with SODENA, means that the presence of Mondragón Corporación Cooperativa is more consolidated in Navarre. It is a cooperation formula that we have replicated, with positive results, in other regions and countries.

The fact that financial profitability is not the main, or only, reason for investment also helps us to work together with SODENA. We identify much more with the search for overall profitability for Navarre, which SODENA justifies in its new strategic plan".

José Ignacio Gárate Aizpuru
Administrator
MCC Inversiones S.P.E., S. Coop

 
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