What is "solidium"

Solidium Oy is Finnish state owned investment company that can be characterized as a sovereign investment fund. Solidium was originally 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.