ERAP

ERAP is an investment company of the State of France, based in Paris. It has the legal form of a public Établissement à caractère industriel et commercial ( EPIC), Public translated means industrial and commercial character.

ERAP has three main tasks:

  • It holds for the French government investments of strategic importance in the fields of energy, telecommunications and pharmaceutical industries,
  • They financed state equity participation,
  • It is a technical advisor to the government on matters of industrial policy and economic strategy.

Management

The steering committee of ERAP consists of nine directors who are appointed by the French Council of Ministers. It consists of four by government decree appointed professionally qualified members "from outside" and four inter-ministerial "representatives of the government" ( two each for the Industry and Energy Ministry and the Economy and Finance ). Always a government representative and one member from outside are responsible together for one of the four areas of budget, finance, industry and energy. ninth and senior member is the / the chairman, who / which acts as CEO at the same time. Current Chairman of ERAP is Anne Duthilleul. She is married to the chief architects of the French State railways SNCF, Jean -Marie Duthilleul and was Polytechnique in France already in the 1970s, under her maiden name Anne Chopinet, known as one of the first seven female students of the Ecole.

The activity of the ERAP is monitored by a government commissioner ( " Government Official ") is appointed by the Minister of Industry, and by a General Economic and Financial Controller of the government. Finally, there is an external auditor ( commissaire aux comptes ), which is currently provided by the consulting firm Ernst & Young.

In addition to the director of the three-member Board Management Team Anne Duthilleul (CEO), Michel Ferrier is ( Deputy CEO ) and Marie Laure Payen (CFO). Finally, there is an informal working group that the developments observed for the steering committee in the telecommunications sector and produces regular analyzes of this.

History

ERAP was created at the instigation of the then President Charles de Gaulle - with the task of shaping a French oil and gas company - December 17, 1965 by merger of the two state-owned Régie autonomy of Pétroles (RAP ) and Bureau de Recherches de Petrole (BRP ) to the state-owned holding company Entreprise de recherches et d' activités pétrolières ( ERAP ), which was soon renamed it in Elf Aquitaine (→ for details see article history of oil production in France ). The Elf group was later privatized and merged in 2000 with TotalFina to TotalFinaElf; Today it operates as a total S. A.

In preparation for the IPO of France Télécom in 2003, ERAP financed the purchase of the majority stake of the French state and continues to this day, closely coordinated with the direct participation of the French government to the telecommunications group, a minority share.

In the area of ​​raw materials ERAP was involved in the restructuring of IMETAL Group (now Imerys ), especially in privatization, conversion and acquisition of Société Le Nickel ( today's Eramet ), in the course of which the entrance at the nuclear group Cogema was ( with the aim of a to create French mining group ), which has risen by later mergers in the Areva group. Another project for " accompaniment " of a development project for the mining and processing of nickel on the belonging to France the island of New Caledonia in the Pacific Ocean has not been ERAP directly, but Anne Duthilleul personally by the French government "on the basis of mutual trust " ( intuitu personae ) entrusted. However ERAP support the ERAP boss in this mission.

Longtime head of the ERAP was the former French defense minister and founder of the Foreign Intelligence DGSS, Pierre Guillaumat so that the ERAP the French intelligence service provided an excellent camouflage and immense financial resources for its presence in Africa.

Investments

  • France Telecom ( telecommunications company ): 3.49% (as at 30 June 2008); However, ERAP is not represented on the Board
  • Areva ( nuclear energy company ): 3.21% (as of 2008); ERAP is not well represented on the Executive Board of Areva, but the ERAP - chairman Anne Duthilleul is since 2000 Director of Areva subsidiary Areva NC (formerly Cogema ).
Joseph Estrada Council of Ministers of France
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