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]

Zwinger is managed by the State Palaces, Castles and Gardens of Saxony

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
  1. OECD. "710. Financial balance sheets - consolidated - SNA 2008". Retrieved 27 November 2016.
  2. "Revamped Airbus lives up to the European dream". Telegraph.co.uk. 5 January 2014. Retrieved 12 September 2015.
  3. "RAG wird mehr Evonik-Aktien los". boerse.ard.de. 14 January 2020. Retrieved 14 January 2020.
  4. Hüfner, Felix, "The German Banking System: Lessons from the Financial Crisis", oecd.org, 1 July 2010.
  5. "Working Papers", oecd.org.
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