23.02.2012 03:54
Question: What is the difference between a state-owned company and an associated company?
State-owned companies are companies in which the State holds the majority of shares (State shareholdings 50.1 % at a minimum). In associated companies, the State has a significant minority interest.
Question: Which state-owned and associated companies have a supervisory board?
The number of state-owned companies with a supervisory board is 9. They are Alko Inc., Finnish Fund for Industrial Cooperation Ltd, Finnvera plc, Itella Corporation, Kemijoki Oy, Vapo Oy, Oy Veikkaus Ab, VR-Group Ltd and Yleisradio Oy. In addition, there is a supervisory board in one associated company, namely in Gasum Corporation.
Question: How many state-owned companies are there in Finland?
The State has holdings in 60 important companies, 38 of them are state-owned companies and 22 associated companies.
Question: How is the administration of state-owned companies organised?
Duties relating to state ownership steering are handled in the Ownership Steering Department in the Prime Minister’s Office. The department is responsible for state ownership policy and coordination of ministries' ownership steering procedures and interministerial cooperation.
Question: Which state-owned and associated companies are listed?
The State has direct holdings in 3 listed companies, namely Finnair Oyj, Fortum Corporation and Neste Oil Oyj. In addition, the State has indirect shareholdings via Solidium in 11 associated companies: Elisa Oyj, Kemira Oyj, Metso Corporation, Outokumpu Oyj, Rautaruukki Corporation, Sampo Group, Sponda Plc, Stora Enso Oyj, Talvivaara Mining Company Plc, TeliaSonera AB and Tieto Corporation.
Question: How will the return obtained from sales of state-owned shares be used?
According to the present Government Programme, the revenue from the sale of State property is primarily used to paying off government debt. Moreover, from revenues of annual sales exceeding EUR 400 million can 25%, a maximum of EUR 150 million, be channelled to purposes strengthening the economy and growth.
