Privatization The Share Management Companies (SGP) are joint-stock companies which administer, on behalf of the State, securities, stocks and shares which the latter holds in public economic businesses (EPE).
 
With 28 SGPs in total, each has its own corporate portfolio to manage.
 
These portfolios each comprise a varying number of businesses.
 
The list of SGPs and their addresses are available in the: SGP directory
 
The list of public economic businesses is available in the: Directory of non-affiliated public economic businesses / EPEs
 
The SGPs hold a mandate granted by the State Shares Council (CPE) vesting them with broadened prerogatives regarding:
  •  preparation of public businesses for privatisation;
  •  negotiations of joint venture operations, opening of capital and privatisation.

 
The SGPs are also responsible for presenting the privatisation portfolios to the CPE for the final decision and for ensuring property transfers are conducted for the privatisation operations decided on, in the best conditions.

The mandate granted by the CPE to the SGPs namely consists of:

  • Translating and implementing, in the appropriate commercials forms, the EPE development, restoration and recovery plans;
  • Translating and implementing, in the appropriate commercial forms, the EPE privatisation and restructuring programmes using all appropriate financial and legal setup arrangements (merges, splits, partial contribution of assets, cession of physical and
    financial assets);
  • Monitoring the liquidation of dissolved public businesses;
  • Practising the prerogatives of general meetings coming under the EPEs and their portfolio.

The Share Management Companies (SGP) are organised according to the particular forms of administration and management:

  • A three-member board of directors including one chairperson;  
  • The chairman of the board of directors represents the SGP in its relations with  third parties;
  • A general meeting;
  • The members of the board of directors are appointed by the general meeting;
  • The tasks, rights and obligations of the members of the board of directors are established by the contracts concluded between the members of the board of directors and the general meeting;
  • There is only one sole general meeting of the SGPs and comprises the decision. representatives appointed by a CPE