Sodena is the financial instrument of the Government of Navarra for the development of business in the region, It uses venture capital to achieve this.
Sodena operates as a limited company, with the main shareholder being the Government of Navarra.
It works by taking an active role in the different phases of business projects that contribute to the balanced and sustainable development of Navarra.
Following a process of restructuring of the public sector in Navarra, Sociedad de Desarrollo de Navarra, S.L. (Sodena) is the company that has emerged from the merger of four companies owned by the Government of Navarra (Sociedad de Desarrollo de Navarra, S.A., NAFINCO, S.A., NGA, S.A. and Fondo Jóvenes Empresarios Navarros, S.A.). It was created on November 7th 2011, although the foundation of the majority and its members goes back to 1984.
Corporación Pública Empresarial de Navarra holds a 98.06% stake in Sodena.
Corporación Pública Empresarial de Navarra, S.L.U. (CPEN) was set up on November 4th 2009 to comply with Act 8/2009 as a single instrument for the organisation and rationalisation of a large part of the property of the self-governing region of Navarra, mainly in the form of publicly-owned companies.