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 11th October 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 % |
| Nordea Bank Oyj |
Solidium |
1a |
0.1 % |
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 |
|
18 |
|
|
|
|
|
|
|
|
| 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 % |
| Finavia Corporation |
VNK |
1b |
100,0 % |
100.0 % |
| 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 |
|
18 |
|
|
| 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 % |
| 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 % |
| 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 |
65.0 % |
50.1 % |
| 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 |
VNK |
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 |
|
31 |
|
|
| Total (number) |
|
67 |
|
|
|
|
|
|
|
|
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.