Solidium
Finnish investment company
title: "Solidium" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["financial-services-companies-of-finland", "government-owned-companies-of-finland", "sovereign-wealth-funds"] description: "Finnish investment company" topic_path: "general/financial-services-companies-of-finland" source: "https://en.wikipedia.org/wiki/Solidium" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary Finnish investment company ::
Solidium is a Finnish state-owned investment company. Founded in 1991, Solidium's original purpose was to manage the property of SKOP Bank (Säästöpankkien Keskus-Osake-Pankki; fi), which went bankrupt in the early 1990s recession.
In 2008, Solidium's mandate became the management of the listed minority shareholdings of the Finnish state.
Previously, the government directly owned the stock, and transferring it to a single company was the work of Minister of Trade and Industry Jyri Häkämies. On August 1, 2022, the net asset value of Solidium was EUR 8,968 billion.
Aside from Solidium, the government still directly owns shares in three listed companies as a majority shareholder.
Holdings
Solidium took over the state-owned shares in 2008 of Kemira, Metso, Outokumpu, Rautaruukki, Sampo, Sponda, Stora Enso, and Telia, and in 2009 Elisa.
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 the obligatory stock information note in Finland.
Solidium has also bought Talvivaara mining stocks and sold all shares of Sponda. In February 2024, Solidium sold their shares in Kemira Oyi for about $124 million as well as their shares in Mandatum.
::data[format=table]
| Company | % of company owned |
|---|---|
| Anora Group | 19.4 |
| Elisa Oyj | 10.0 |
| Konecranes | 11.1 |
| Metso Oyj | 14.9 |
| Nokia Oyj | 6.0 |
| Nokian Tyres | 10.1 |
| Outokumpu Oyj | 15.5 |
| Sampo Oyj | 6.2 |
| Stora Enso Oyj | 10.7 |
| Tietoevry Corporation | 10.9 |
| Valmet Corporation | 10.1 |
| :: |
The 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%).
Corporate governance
Solidium Oy managing director is Kari Järvinen. The members of Solidium's Board of Directors are chairman (interim) Heikki Bergholm, Markku Hyvärinen (Varma, Tradeka), Marketta Kokkonen (Espoo municipality), Anni Vepsäläinen (Finnish Fair Corporation), and Eero Heliövaara (Ownership steering department of the Prime Minister's Office).
References
References
- "Talouskriisi vauhditti Solidiumin syntyä | OmistajaOnline.fi".
- Liu, Zongyuan Zoe. (2023). "Sovereign Funds: How the Communist Party of China Finances its Global Ambitions". The Belknap Press of [[Harvard University Press]].
- "Solidium Oy's half-year report for July-December 2021".
- [https://archive.today/20120720192047/http://www.arvopaperi.fi/uutisarkisto/outotec+ei+kommentoi+omistusmuutosta/a787304]
- [https://archive.today/20120730043345/http://www.arvopaperi.fi/uutisarkisto/goldman+sachsin+outotecosakkeet+paatyivat+solidiumille/a787396?s=l&wtm=_-07032012&]
- (2012-10-19). "Solidium sells all its shares in Sponda Plc".
- "Solidium divests its stake in Kemira for over 130 million euro {{!}} PULPAPERnews.com".
- "Kemira Oyj: Shareholding of Solidium Oy in Kemira has decreased below 5.00 per cent".
- "Swedish private equity firm Altor is now the largest shareholder in Finnish wealth management and life insurance firm Mandatum (publ.) at 16.6% ownership".
- (2025-02-06). "Solidium Oy’s financial statements and half-year report 1.7.2023–31.12.2024".
- "Holdings".
- "The Finnish State’s investment company Solidium renewed its strategy – invests also in growth companies going forward {{!}} GlobeNewswire by notified".
- Chris. (2023-01-25). "Solidium: Nokian Tyres Romania plans offer ‘good prospects for building the business on a new basis’".
- [https://archive.today/20130213080456/http://yle.fi/uutiset/talous_ja_politiikka/2012/03/finnairin_kohubonukset_poikkeus_valtion_porssiyhtioissa_3329641.html]
- "Solidium | Board of Directors".
::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::