State-owned companies and unincorporated State enterprises
Arsenal Asset Management Company Ltd
Arsenal Asset Management Company Ltd operates as an asset management company under the Act on the Government Guarantee Fund (379/1992). Arsenal is owned by the State (78.95%) and the Government Guarantee Fund (21.05%).
Fingrid has a crucial role in the Finnish power system. By virtue of the Electricity Market Act, the company is responsible for the functioning of the power system at a national level. This is vital in view of the welfare and development of the entire society and economy.
Trading House Hansel Ltd
Trading House Hansel Ltd is a 100% State-owned company. Hansel is Finland's central purchasing body for the public sector. It collates procurement needs and purchasing volumes for the government, invites tenders for products and services and enters into framework agreements for procurement. These framework agreements can be used by all government bodies without recourse to separate tender action. As of January 1 2002, Hansel was transferred from the Ministry of Trade and Industry's branch of government to that of the Ministry of Finance.
HAUS Finnish Institute of Public Management Ltd
HAUS Finnish Institute of Public Management Ltd specialises in training and consultancy both in Finland and abroad.
As a company providing services for state administration, HAUS's clients include the Prime Minister's Office, various state departments, offices and departments in state's regional and local administration, state-owned companies and funds outside the state's budget. The customers also include the Parliament of Finland and the units operating under its control or supervision.
Yrityspankki Skop Oyj, in liquidation
Yrityspankki Skop Oyj came into the ownership of the Government Guarantee Fund in 1992 as a result of the measures to support the banks during the Finnish banking crisis. The Government Guarantee Fund purchased Skop's shares from the Bank of Finland in June 1992. Skop was placed into liquidation on 1 January 1999, and its licence to operate as a credit institution was withdrawn with effect from 1 January 2001.
Unincorporated State enterprises
Senate Properties (formerly the State Real Estate Board) operates as an unincorporated State enterprise that handles ownership functions mainly for State-owned office, university and other special premises. Senate Properties' most important steering decisions are taken by Parliament annually in connection with the Budget.