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 January 2025

1) National Emergency Supply Agency 16.24 per cent.
2) Ownership steering by Business Finland.
3) The State holds one series V share, which confers the rights specified in the articles of association and the shareholder agreement.
4) Ownership steering by Opetushallitus.

* According to the Government Programme, the State’s domestic capital investment and corporate
financing operations will be enhanced by bringing Business Finland enture Capital Ltd, Oppiva
Invest Oy and Ilmastorahasto Oy under Finnish Industry Investment Ltd. The new company should
be operational on April 1st 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.