Solidium

Solidium Oy is Finnish state owned investment company that can be characterized as a National Wealth Fund. Solidium was founded to manage the property of SKOP Bank (Säästöpankkien Keskus-Osake-Pankki), which went bankrupt in the early 1990s recession. In 2008 the purpose of Solidium was changed to manage the listed minority shareholdings of the Finnish state. Previously, the government directly owned the stock, and transferring them under a single company was the work of Minister of Trade and Industry Jyri Häkämies. On 30 June 2015 the net asset value of Solidium was EUR 6,854 million.

Besides Solidium, the government still directly owns shares in three listed companies as a majority shareholder.

Solidium took over the state owned shares in 2008 of Kemira, Metso, Outokumpu, Rautaruukki, Sampo, Sponda (real estate), Stora Enso and TeliaSonera and in 2009 Elisa Oyj (Finnish telecommunications company).

Solidium acquired over 5% of Outotec mining technology company's shares in March 2012 while Goldman Sachs reduced its ownership to less than 5%. 5% is the limit of obligatory stock information note in Finland.

Solidium has bought also Talvivaara mining stocks and sold all shares of Sponda Oyj.

Finnish state also directly owns shares of certain publicly listed companies, deemed to be "strategically important", that are not in Solidium's portfolio. These include Finnair (55.8%), Fortum (50.8%), and Neste Oil (50.1%).

...
Wikipedia