Companies owned by the State

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

The companies are divided into listed companies, non-listed commercial companies, and companies entrusted with special assignments.

State shareholdings and parliamentary authorisations on 28th of November 2023

Listed companies

Listed companies Sort the table ascending by the column Exercise of shareholder control Sort the table ascending by the column Group Sort the table ascending by the column State shareholding Sort the table ascending by the column Minimum level for state interest Sort the table ascending by the column
Anora Group Solidium 1a 19.40% 0.00%
Elisa Solidium 1a 10.00% 0.00%
Finnair VNK 1b 55.80% 50.10%
Fortum VNK 1b 51.26% 50.10%
Kemira Solidium 1a 5.00% 0.00%
Konecranes Solidium 1a 11.10% 0.00%
Mandatum Solidium 1a 6.60% 0.00%
Metso Outotec Solidium 1a 14.90% 0.00%
Neste (1) VNK 1b 44.22% 33.40%
Nokia Solidium 1a 5.70% 0.00%
Nokia Tyres Solidium 1a 10.10% 0.00%
Outokumpu Solidium 1a 15.50% 0.00%
Sampo Solidium 1a 6.60% 0.00%
SSAB VNK 1b 6.30% 0.00%
Stora Enso Solidium 1a 10.70% 0.00%
TietoEVRY Solidium 1a 10.90% 0.00%
Valmet Solidium 1a 10.10% 0.00%
TOTAL: 17

Non-listed commercial companies

Non-listed commercial companies Sort the table ascending by the column Exercise of shareholder control Sort the table ascending by the column Group Sort the table ascending by the column State shareholding Sort the table ascending by the column Minimum level for state interest Sort the table ascending by the column
Arctia VNK 1b 100.00% 50.10%
Boreal Plant Breeding VNK 1b 65.00% 50.10%
Edita Group VNK 1a 100.00% 0.00%
Finavia VNK 1b 100.00% 100.00%
Fingrid (2) VM 1b 36.00% 50.10%
Finnish Seed Potato Centre VNK 1b 22.00% 0.00%
Gasgrid Finland VM 1b 100.00% 50.10%
Gasum (3) VNK 1b 100.00% 50.10%
Kemijoki (4) VNK 1a 50.10% 0.00%
Leijona Catering VNK 1b 100.00% 100.00%
Mint of Finland VNK 1a 100.00% 0.00%
Motiva VNK 1b 100.00% 100.00%
Neova VNK 1b 50.10% 33.40%
Patria VNK 1b 50.10% 50.10%
Posti Group VNK 1b 100.00% 50.10%
Suomen Lauttaliikenne Finferries VNK 1b 100.00% 100.00%
Suomen Viljava VNK 1b 100.00% 100.00%
Tapio VNK 1b 100.00% 100.00%
VR-Yhtymä VNK 1b 100.00% 100.00%
TOTAL: 19

Companies entrusted with special state assignments

Companies entrusted with special state assignments Sort the table ascending by the column Exercise of shareholder control Sort the table ascending by the column Group Sort the table ascending by the column State shareholding Sort the table ascending by the column Minimum level for state interest Sort the table ascending by the column
A-Kruunu YM 2 100.00% 100.00%
Alko STM 2 100.00% 100.00%
Asset Management Company Arsenal (5) VM 2 100.00% 100.00%
Business Finland (6) TEM 2 100.00% 100.00%
Cinia Group LVM 2 77.50% 50.10%
CSC IT Centre for Science OKM 2 70.00% 50.10%
DigiFinland VM 2 33.46% 33.40%
East Railway LVM 2 51.00% 50.10%
FinnHEMS STM 2 100.00% 100.00%
Finnish Aviation Academy VNK 2 98.00% 50.10%
Finnish Broadcasting Company LVM 2 100.00% 100.00%
Finnish Fund for Industrial Cooperation (Finnfund) UM 2 96.04% 50.10%
Finnish Industry Investment TEM 2 100.00% 100.00%
Finnish Minerals Group VNK 2 100.00% 100.00%
FVR - Finnish Vaccine Research STM 2 51.00% 50.10%
Finnpilot Pilotage VNK 2 100.00% 100.00%
Finnvera TEM 2 100.00% 100.00%
Gasonia VNK 2 100.00% 100.00%
Governia VNK 2 100.00% 100.00%
Hansel VM 2 65.00% 50.10%
HAUS Finnish Institute of Public Management VM 2 100.00% 100.00%
Hevosopisto - Equine College OKM 2 25.00% 0.00%
Ilmastorahasto - Climate Fund TEM 2 100.00% 100.00%
Maakuntien tilakeskus Oy (9) VM 2 0.00% 0.00%
Municipality Finance VNK 2 16.00% 0.00%
Oppiva Invest (7) OPH 2 100.00% 100.00%
Solidium VNK 2 100.00% 100.00%
State Security Networks Group Finland VNK 2 100.00% 100.00%
STUK International STM 2 100.00% 100.00%
Suomi-rata (8) LVM 2 51.00% 50.10%
Traffic Management Finland LVM 2 100.00% 100.00%
Turun Tunnin Juna LVM 2 51.00% 50.10%
Työkanava Oy TEM 2 100.00% 100.00%
Veikkaus VNK 2 100.00% 100.00%
VTT Technical Research Centre of Finland TEM 2 100.00% 100.00%
TOTAL: 35

1) 8.31 per cent of Neste Corporation’s shares  are in Ilmastorahasto's balance sheet.
2) National Emergency Supply Agency 16.24 per cent.
3) Direct state ownership 26.5 per cent of the shares and 50.2 percent of the voting rights. The rest of the shares are owned by Gasonia Oy, a wholly state-owned special assignment company.
4) Changes in ownership require the approval of the shareholder agreement.
5) In receivership.
6) Ownership steering by Business Finland.
7) Ownership steering by Opetushallitus.
8) Including 10,3 % owned by Finavia Plc.
9) The State holds one series V share, which confers the rights specified in the articles of association and the shareholder agreement.

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.