In order to unify management, make better use of resources and to favour a public business model adapted to the current situation, where efficiency, economy and budget stability are valued, the Aragon Regional Government continues with its restructuring process of public companies in the Autonomous Region of Aragon.
In line with this aim, the Government Council reached agreements earlier today concerning the restructuring plan of real estate companies supervised by the Department of Public Works, Town Planning, Housing and Transport, and also regarding the companies Sirasa and Sodemasa dependant on the Department of Agriculture, Livestock and Environment.
With these new measures, progress is made in the restructuring process, in line with the commitments of the Regional Executive. After the audit submitted in October, the first step taken was the approval on 29th November, of the Decree Law pursuant to Urgent Rationalisation Measures of the Public Business Sector. Since then, the Public Business Corporation and different Departments have been working to achieve the set goal.
REAL ESTATE COMPANIES
Achieving a unified company that attains its objectives more effectively and more efficiently, with resources adapted to the real work load is the goal the Aragon Regional Government has set through restructuring real estate companies supervised by the Department of Public Works, Town Planning, Housing and Transport. This Restructuring Plan affects a total of 9 companies. Dissolution is proposed in some cases, in others the sale of shares or single management, redefining and improving sales, financial, technical, legal and administrative management, a rationalisation of processes and more coordination with the Business Corporation.
This way, the procedures for implementing single management for PLATEA Gestión, PLAZA, Plhus, for Zaragoza Expo Empresarial, PLAZA Desarrollos Logísticos and for Suelo y Vivienda are initiated, responding to business objectives. In addition to the dissolution of Mondo Plaza (49% through Suelo y Vivienda de Aragón whose purpose consists of planning and developing multi-purpose sports areas in the Zaragoza Logistics Platform) and the transfer of shares in Ecociudad Valdespartera (20%) and Senda de Valadin (19.67% through Suelo y Vivienda de Aragon).
SIRASA AND SODEMASA
The Government Council has agreed to authorise the merger of two regional trading companies with full public capital, namely Sociedad para el Desarrollo Medioambiental de Aragón S. A. U (SODEMASA) and Sociedad de Infraestructuras rurales aragonesa S. A. U (SIRASA), both dependant on the Department of Agriculture, Livestock and Environment.
The objective is to create a public business model that provides services of general interest icorrectly and efficiently. Hence, the merger of the companies SIRASA and SODEMASA will take place, which will be dissolved without liquidation, transferring all their share equity to a newly created company resulting from thismerger, which will take on all the rights and obligations of the merged companies. With all this action, the Aragon Public Business Corporation is authorised, as shareholder of the authorised merger, to take on any company agreements and business procedures as necessary for the authorised merger process to materialise.