COFIDES

The Compañía Española de Financiación del Desarrollo (COFIDES) (English: Spanish Development Finance Company), better known by its acronym Cofides, is a Spanish public company that provides financial support for investments by Spanish companies abroad. This financial support is provided from its own funds and from public funds from the Spanish government. Like France's Bpifrance and Italy's Cassa Depositi e Prestiti, it is also considered a sovereign wealth fund. It is a mixed capital company, majority-owned by the public sector, but in which some of Spain's largest banks and the Development Bank of Latin America and the Caribbean also have a stake. The company's headquarters are located at Paseo de la Castellana 278 in Madrid, in a building it shares with its main shareholder, ICEX España Exportación e Inversiones.