What the state owns

The state has direct ownership, managed through the ministries, in 71 companies.

Helse Sør-Øst
Credit: Helse Sør-Øst

The state’s direct ownership is substantial in terms of both the number of companies and their total value. At year-end 2021, the value of the state’s ownership interests in companies for which the state’s goal as an owner is the highest possible return over time was estimated to be NOK 999 billion. The state’s shares listed on Oslo Stock Exchange accounted for NOK 844 billion of the total value. In the other companies, the state’s share of book equity minus minority interests amounted to NOK 180 billion at year-end 2021.

The state regularly assesses the rationale for its ownership and its goal as an owner in each company, to ensure that they are updated and relevant, and to help the state to efficiently solve different tasks or safeguard different needs.



The companies are assigned to three categories based on the state’s goal as an owner and on whether the state has a rationale for its ownership. The companies that primarily operate in competition with others are placed in Categories 1 and 2, while the companies that do not primarily operate in competition with others are placed in Category 3.

Category 1 comprises the companies where the state’s goal is the highest possible return over time and where the state no longer has any rationale for its ownership. 

Category 2 comprises the companies where the state’s goal is the highest possible return over time and where the state has a specific rationale for its ownership. The rationale for having an ownership interest in each company is fulfilled by the state owning a certain percentage of the company and usually through provisions in the company’s articles of association.

Category 3 comprises the companies where the state seeks the most efficient possible attainment of public policy goals.

The state’s rationale for its ownership and its goal as an owner in each company are described in Chapter 6 in the white paper on ownership policy.

Company name Owner share (%) Category

Rygge 1 AS 100 % -

Bjørnøen AS 100% 3
Enova SF 100% 3
Kings Bay AS 100% 3

Carte Blanche AS 70% 3
AS Den Nationale Scene 66,67% 3
Den Norske Opera & Ballett AS 100% 3
Filmparken AS 77,6% -
Nationaltheateret AS 100% 3
Norsk rikskringkasting AS 100% 3
Norsk Tipping AS (special legislation company) 100% 3
Rogaland Teater AS 66,67% 3
Rosenkrantzgate 10 AS 3,07% -
Talent Norge AS 33,33% 3
Trøndelag Teater AS 66,67% 3

Gassco AS 100% 3
Gassnova SF 100% 3
Statnett SF 100% 3

Avinor AS 100% 3
Bane NOR SF 100% 3
Entur AS 100% 3
Norske tog AS 100% 3
Nye Veier AS 100% 3
Spordrift AS 100% 2
Vygruppen AS 100% 2