State-owned enterprises of Germany
In the wake of the 2007 financial crisis Germany's stock of gross financial assets increased significantly, turning it into the second largest stock among OECD countries after the US.[1]
List
| Company | share | direct Owner | Note |
|---|---|---|---|
| Deutsche Bahn | full ownership | Germany | |
| DFS Deutsche Flugsicherung GmbH | full ownership | Germany | |
| Hapag Lloyd | 23,2% | Hamburg | |
| Airbus/EADS | 12%[2] | 28% total with France and Spain | |
| Commerzbank | 15,6% | KfW | |
| Volkswagen Group | 12.7% | Lower-Saxony | 20% of voting rights |
| KfW Bank | 100% | following assets amounting to a worth of $70.6Bn | |
| Deutsche Telekom and T-Mobile | 14.5% | Germany | (directly) |
| 17.4% | KfW | (indirectly) | |
| Deutsche Post | 25.5% | KfW | Assets including DHL and Deutsche Postbank are therefore also partially owned by the government |
| Hypo Real Estate | 100% | SoFFin | Seized by SoFFin in 2009 to restore financial stability to the German housing market |
| Bundesdruckerei | 100% | Federal Print Office, Renationalised in 2013 | |
| RAG AG | 100% | RAG-Stiftung | RAG-Stiftung is a foundation held by the federal republic and the states of North Rhine-Westphalia and Saarland |
| Evonik Industries | 58,9%[3] | RAG-Stiftung | RAG-Stiftung is a foundation held by the federal republic and the states of North Rhine-Westphalia and Saarland |
Further government ownerships
- a range of competing Landesbanken, regionally organised by the Länder, function predominantly to provide wholesale banking
- the Sparkassen system, where more than 400 German SOEs hold more than 40% of bank assets in Germany[4][5]
- Germany owns an approximate 4% stake in British Telecom as 12% of the stake of British Telecom was sold to T-Mobile in early 2015.
Note that many smaller State owned enterprises are owned by individual states of Germany such as TransnetBW and Rothaus (State Brewery of Baden).
References
- ^ OECD. "710. Financial balance sheets - consolidated - SNA 2008". Retrieved 27 November 2016.
- ^ "Revamped Airbus lives up to the European dream". Telegraph.co.uk. 5 January 2014. Retrieved 12 September 2015.
- ^ "RAG wird mehr Evonik-Aktien los". boerse.ard.de. 14 January 2020. Retrieved 14 January 2020.
- ^ Hüfner, Felix, "The German Banking System: Lessons from the Financial Crisis", oecd.org, 1 July 2010.
- ^ "Working Papers", oecd.org.