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 1th August 2019

Listed companies 

 Ownership steering

Group

 

State shareholding

Minimum level of shareholding

 

 

 

%

%

Altia Plc 3)

VNK

1a

36.2%

0.0 %

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

14.0 %

0.0 %

Konecranes Oyj

Solidium

1a

7.4 %

0.0 %

Metso Corporation

Solidium

1a

14.9 %

0.0 %

Neste Corporation 3)

VNK

1b

44,7 %

33.4%

Nokia Corporation

Solidium

1a

3.7 %

0.0 %

Nokia Renkaat

Solidium

1a

5.1 %

0.0 %

Outokumpu Oyj

Solidium

1a

21.7 %

0.0 %

Outotec Oyj

Solidium

1a

14.9 %

0.0 %

Sampo Plc

Solidium

1a

10.0 %

0.0 %

SSAB AB

Solidium

1a

12.6 %

0,0 %

Stora Enso Oyj

Solidium

1a

10.7 %

0.0 %

Tieto Corporation

Solidium

1a

10.0 %

0.0 %

Valmet Corporation

Solidium

1a

11.1 %

0.0 %

Total

 

16

 

 

 

 

 

 

Unlisted commercial companies

 Ownership steering

Group

 

State shareholding

Minimum level of shareholding

 

 

 

%

%

Arctia Ltd

VNK

1b

100.0 %

50.1 %

Boreal Plant Breeding Ltd

VNK

1b

60.8 %

50.1 %

Fingrid Oyj

VM

1b

53.1 %

50.1 %

Finnish Seed Potato Centre Ltd

VNK

1b

22.0 %

0.0 %

Gasum Corporation

VNK

1b

100.0 %

50.1 %

Kemijoki Oy

VNK

1a

50.1 %

0.0 %

Leijona Catering Oy

VNK

1b

100.0 %

100.0 %

Mint of Finland Ltd

VNK

1a

100.0 %

50.1 %

Motiva Oy

VNK

1b

100.0 %

100.0 %

Nordic Morning Group Plc 3)

VNK

1a

100.0 %

0.0 %

Patria Plc

VNK

1b

50.1 %

50.1 %

Posti Group Corporation 3)

VNK

1b

100.0 %

50.1 %

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 3)

VNK

1b

50.1 %

33.4 %

VR-Group Ltd

VNK

1b

100.0 %

100.0 %

Total

 

17

 

 

Total of commercial companies

33

 

 

 

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 %

Business Finland Oy

TEM

2

100.0 %

100.0 %

Cinia Group Ltd

LVM

2

77.5 %

50.1 %

CSC Scientific Computing Ltd

OKM

2

100.0 %

100.0 %

Finavia Corporation

VNK

2

100.0 %

100.0 %

Finnish Aviation Academy Ltd

VNK

2

49.5 %

0.0 %

Finnish Fund for Industrial Cooperation Ltd (Finnfund)

UM

2

93.4 %

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 %

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 %

ICT-palvelukeskusyhtiö Vimana Oy

VM

2

100.0 %

100.0 %

Municipality Finance Plc

YM

2

16.0 %

0.0 %

 Nordic Railways Ltd

LVM

2

100.0 %

100.0 %

Solidium Oy

VNK

2

100.0 %

100.0 %

SoteDigi Oy

VM

2

100.0 %

100.0 %

STUK International Ltd

STM

2

100.0 %

100.0 %

Suomen Erillisverkot Oy

VNK

2

100.0 %

100.0 %

Suomen yliopistokiinteistöt Oy

VM

2

33.3 %

..

Suomen Malmijalostus Oy

TEM

2

100,0 %

0,0 %

Tietokarhu Oy

VM

2

20.0 2) %

50.1 %

Traffic Management Finland Oy

LVM

2

100,0 %

100,0 %

Valtion kehitysyhtiö Vake Oy

VNK

2

100.0 %

100.0 %

Veikkaus Oy

VNK

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

 

32

 

 

Total (number)

 

65

 

 

 

 

 

 

 

 

1) In liquidation

2) Percentage of votes 80%

3) Following a Government decision made 5.12.2018 , around 8.3 per cent of Neste Corporation’s shares, 49.9 per cent of Posti Group Corporation’s shares, 16.7 per cent of Vapo Oy’s shares and all of the shares of Nordic Morning Plc will be transferred to the State Business Development Company (Vake Oy). Altia 36.2 per cent  7.2.2019  to Vake Oy.. The Ownership Steering Department will remain in charge of the ownership steering of the transferred holdings.

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.