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 23th of February 2024

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 0,194 0
Elisa Solidium 1a 0,1 0
Finnair VNK 1b 0,557 0,501
Fortum VNK 1b 0,513 0,501
Konecranes Solidium 1a 0,111 0
Metso Solidium 1a 0,149 0
Neste VNK 1b 0,442 0,334
Nokia Solidium 1a 0,058 0
Nokian Renkaat Solidium 1a 0,101 0
Outokumpu Solidium 1a 0,155 0
Sampo Solidium 1a 0,066 0
SSAB VNK 1b 0,063 0
Stora Enso Solidium 1a 0,107 0
Tietoevry Solidium 1a 0,109 0
Valmet Solidium 1a 0,101 0
TOTAL: 15

Non-listed commercial companies

Companies entrusted with special state assignments

1) Direct state ownership 36.9% and indirect ownership 16.24%.
2) Direct state ownership 26.5% of shares and 50.2% of voting rights. The remaining shares are held by Gasonia Oy, a special assignment company wholly owned by the State.
3) The State cannot dispose of its shareholding in full unless a shareholders' agreement exists between the shareholders.
4) Ownership steering by Business Finland.
5) The State holds one share of a different share class that confers special rights.
6) In receivership.
7) Ownership steering by the Finnish National Agency for Education.
* According to the Government Programme, State domestic capital investment and corporate financing operations will be enhanced by bringing Business Finland Venture Capital Ltd, Oppiva Invest Oy and Ilmastorahasto Oy under Finnish Industry Investment Ltd. The new company should be operational on 1 January 2025.
 

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.