Factbox: Government stakes in European companies

Rai Way SpA

20/12/2023 18:29

Dec 20 (Reuters) - The Spanish government will acquire a
stake of up to 10% in telecoms giant Telefonica  TEF.MC  to
counterbalance a large holding in the company built by Saudi
Arabia's STC.
    Economy Minister Nadia Calvino said on Tuesday the move was
"in line with other big European countries such as France and
Germany that have stakes or are increasing stakes in big
strategic firms".
    Below is a list of some key companies in which the
governments of the European Union's top four economies hold
stakes across sectors including banks, telecoms, utilities,
airlines and aerospace.

    FRANCE
    ** Air France-KLM  AIRF.PA : With a 28.6% stake, France is
the biggest shareholder in the Franco-Dutch airline, followed by
the Dutch government at 9.3%.
    ** Airbus  AIR.PA : France is the top shareholder at the
world's biggest planemaker with a 10.9% stake. The German
government holds 10.8% in the company and Spain owns 4.1%.
    ** EDF: The government nationalized the electricity provider
in June 2023.
    ** Engie  ENGIE.PA : The government is the biggest
shareholder at the energy company with a 23.6% stake.
    ** Orange  ORAN.PA : The government is the top shareholder
of the telecoms company, holding a 13.4% stake. 
    ** Safran  SAF.PA : With an 11.2% stake, France is also the
top shareholder at Safran, which co-produces the widely used
LEAP engine for medium-haul jetliners with General Electric
 GE.N , and is also among the world's biggest suppliers of other
aeronautical equipment.

    GERMANY
    ** Commerzbank  CBKG.DE : Following a bailout during the
financial crisis, Germany is the top shareholder in the bank
with a 15.8% stake. 
    ** Deutsche Telekom  DTEGn.DE : Germany holds an over 30%
stake in the telecoms group directly and indirectly. The
government owns 13.8%, while 16.6% is held by the state-owned
bank KfW. 
    ** Uniper  UN0k.DE : The government holds a 99.1% stake
after nationalizing the gas importer last year.
    
    ITALY
    ** Banca Monte dei Paschi di Siena  BMPS.MI : Italy remains
the top shareholder of MPS with a 39.2% stake, after it sold 25%
in November as part of a process to re-privatize the bank.
    ** Enel  ENEI.MI : The government holds a 23.6% stake in the
energy utility.
    ** Eni  ENI.MI : The government is the biggest shareholder
in the energy group, holding a stake of 32.4%.
    ** Italgas  IG.MI : the state owns 26% in the country's
biggest gas distributor, making it the biggest shareholder.
    ** Poste Italiane  PST.MI : The government is the top
shareholder of the postal service group with a stake of 64.3%.
    ** Telecom Italia  TLIT.MI : The government holds a 9.8%
stake in the telecom service group, its second biggest
shareholder behind France's Vivendi.
    ** Terna  TENr.AT : Italy is the top shareholder in the
electricity grid operator with a 29.9% stake.

    SPAIN
    ** Caixabank  CABK.MC : The government has a 17.3% stake in
the bank through its resolution authority FROB, being the second
largest shareholder.
    ** Enagas  ENAG.MC : State holding company SEPI owns 5% in
the gas distributor, its top shareholder alongside billionaire
and founder of fashion giant Inditex  ITX.MC , Amancio Ortega,
who also holds 5%.
    ** Redeia  REDE.MC : Spain owns 20% in the electricity grid
operator through SEPI, after selling 8.5% in 2005. It remains
the biggest shareholder.
    ** Indra  IDR.MC : SEPI is the largest shareholder in the
defence systems maker with a 27.99% stake.
    ** Ebro Foods  EBRO.MC : the state has a 10.36% stake in the
world's largest producer of rice and second-biggest producer of
pasta. 
    ** Telefonica  TEF.MC : The government will acquire a stake
of up to 10% in Telefonica through SEPI.

 (Compiled by Matteo Allievi, Alberto Chiumento and Michal
Aleksandrowicz in Gdansk; editing by Milla Nissi, Andrei Khalip
and Josie Kao)
 ((matteo.allievi@thomsonreuters.com;))