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Expansion of the ownership base

The table lists the State’s holdings in the various companies and the authorisations given by Parliament to the Government to broaden the ownership base.

State shareholdings and parliamentary authorisations on 31th August 2016

Listed companies 

 Ownership steering

Group

 

State shareholding

Minimum level of shareholding

 

 

 

%

%

Elisa Corporation

Solidium

1a

10.0 %

0.0 %

Finnair Plc

VNK

1b

55.8 %

50.1 %

Fortum Corporation

VNK

1b

50.8 %

50.1 %

Kemira Oyj

Solidium

1a

16.7 %

0.0 %

Metso Corporation

Solidium

1a

14.9 %

0.0 %

Neste Corporation

VNK

1b

50.1 %

50.1%

Outokumpu Oyj

Solidium

1a

26.2 %

0.0 %

Outotec Oyj

Solidium

1a

14.9 %

0.0 %

Sampo Plc

Solidium

1a

11.9 %

0.0 %

SSAB

Solidium

1a

16,1%

0,0 %

Stora Enso Oyj

Solidium

1a

12.9 %

0.0 %

Talvivaara Mining Company Plc

Solidium

1a

15.1 %

0.0 %

Telia Company Ab

Solidium

1a

3.2 %

0.0 %

Tieto Corporation

Solidium

1a

10.0 %

0.0 %

Valmet Corporation

Solidium

1a

11.1 %

0.0 %

Total

 

15

 

 

 

 

 

 

Unlisted commercial companies

 Ownership steering

Group

 

State shareholding

Minimum level of shareholding

 

 

 

%

%

Altia Plc.

VNK

1a

100.0 %

0.0 %

Arctia Ltd

VNK

1b

100.0 %

100.0 %

Boreal Plant Breeding Ltd

VNK

1b

65.0 %

50.1 %

Fingrid Oyj

VM

1b

53.1 %

0.0 %

Finnish Seed Potato Centre Ltd

VNK

1b

22.0 %

0.0 %

Finrail Oy

LVM

1b

100.0 %

100.0 %

Gasum Corporation

VNK

1b

100.0 %

0.0 %

Kemijoki Oy

VNK

1a

50.1 %

50.1 %

Leijona Catering Oy

VNK

1b

100.0 %

100.0 %

Meritaito Oy

VNK

1b

100.0 %

100.0 %

Mint of Finland Ltd

VNK

1b

100.0 %

50.1 %

Motiva Oy

VNK

1b

100.0 %

100.0 %

Nordic Morning Plc

VNK

1a

100.0 %

0.0 %

Patria Plc

VNK

1b

50.1 %

50.1 %

Posti Group Corporation

VNK

1b

100.0 %

100.0 %

Raskone Ltd.

VNK

1a

85.0 %

0.0 %

Suomen Lauttaliikenne Oy

VNK

1b

100.0 %

100,0 %

Suomen Viljava Oy

VNK

1b

100.0 %

100.0 %

Tapio Ltd

VNK

1b

100.0 %

100.0 %

Vapo Oy

VNK

1b

50.1 %

50.1 %

VR-Group Ltd

VNK

1b

100.0 %

100.0 %

Total

 

21

 

 

Total of commercial companies

36

 

 

 

Companies entrusted with special State assignments

 Ownership steering

Group

 

State shareholding

Minimum level of shareholding

 

 

 

%

%

A-Kruunu Oy

YM

2

100.0 %

100.0 %

Alko Oy

STM

2

100.0 %

100.0 %

OHY Arsenal Ltd 1)

VM

2

100.0 %

100.0 %

Baltic Connector Ltd

TEM

2

100.0 %

0.0 %

CSC Scientific Computing Ltd

OKM

2

100.0 %

100.0 %

Finavia Corporation

LVM

2

100.0 %

100.0 %

Finnish Aviation Academy Ltd

OKM

2

49.5 %

0.0 %

Finnish Fund for Industrial Cooperation Ltd (Finnfund)

UM

2

90.4 %

50.1 %

Finnish Industry Investment Ltd

TEM

2

100.0 %

100.0 %

Finnpilot Pilotage Ltd

VNK

2

100.0 %

100,0 %

Finnvera Oyj

TEM

2

100.0 %

100.0 %

Finpro

TEM

2

100.0 %

100.0 %

Gasonia Oy

VNK

2

99.0 %

0.0 %

Governia Oy

VNK

2

100.0 %

100.0 %

Hansel Ltd

VM

2

100.0 %

100.0 %

Haus Kehittämiskeskus Oy

VM

2

100.0 %

100.0 %

Horse Institute Ltd

OKM

2

25.0 %

0.0 %

Municipality Finance Plc

YM

2

16.0 %

0.0 %

Solidium Oy

VNK

2

100.0 %

100.0 %

Suomen Erillisverkot Oy

VNK

2

100.0 %

100.0 %

Suomen yliopistokiinteistöt Oy

VM

2

33.3 %

..

Terrafame Group Oy

TEM

2

100,0 %

0,0 %

Tietokarhu Oy

VM

2

20.0 2) %

50.1 %

Valtion kehitysyhtiö Vake Oy

VNK

2

100.0 %

100.0 %

Veikkaus Oy

OKM

2

100.0 %

100.0 %

VTT Technical Research Centre of Finland Ltd

TEM

2

100.0 %

100.0 %

Yleisradio Oy

LVM

2

100.0 %

100.0 %

Total

 

27

 

 

Total (number)

 

63

 

 

 

 

 

 

 

 

1) In liquidation

2) Percentage of votes 80%

 

LVM        = Ministry of Transport and Communications

OKM       = Ministry of Education and Culture

STM        = Ministry of Social Affairs and Health

TEM        = Ministry of Employment and the Economy

UM         = Ministry for Foreign Affairs

VM         = Ministry of Finance

VNK        = Ownership Steering Department in the Prime Minister’s Office.

YM         = Ministry of the Environment

 

Company Group 1a: The State as an owner has only or almost exclusively a strong shareholder interest.
Company Group 1b: Besides a strong shareholder interest, the company is connected with strategic interests owing to which the State is to remain so far a strong shareholder or to safeguard in other ways the strategic interests concerned, if the shareholding is reduced or relinquished.
Company Group 2: The State as an owner has a special interest related to regulation or official duties: the company has an industrial, societal or other political mission defined by the State or some other special role.