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Saxony continues to hold stakes in 31 companies

The Schloss Wackerbarth state winery in Radebeul is a Saxon state enterprise (archive photo). / Photo: Sebastian Kahnert/dpa
The Schloss Wackerbarth state winery in Radebeul is a Saxon state enterprise (archive photo). / Photo: Sebastian Kahnert/dpa

The Free State of Saxony is also active as an entrepreneur. The state's investment report provides information on this.

Saxony is keeping its shareholdings in companies constant. As of December 31, 2023, the Free State had direct holdings in 31 companies, as in the previous year, announced the Ministry of Finance in Dresden. Saxony thus represented nominal capital of 594 million euros at the end of 2023. At the same time, more than 5,600 people were employed in the holdings.

Public interests in key areas should be safeguarded

Saxony's involvement is an important instrument of economic, structural, location and labor market policy, it said. The participations are aimed at safeguarding public interests in central areas such as public infrastructure, economic, environmental, science and technology policy through to the area of public credit institutions and regulatory measures.

Current participation report includes 31 participations of the state

The Saxon cabinet discussed the current participation report of the Free State on Tuesday. It documents relevant key figures on shareholdings in the years 2021 to 2023. The state maintains shareholdings in Sächsische Staatsbäder GmbH, Porzellanmanufaktur Meissen, Staatliche Schlössern, Burgen und Gärten, Wirtschaftsförderung Sachsen, Binnenhäfen Oberelbe GmbH and Sächsische Energieagentur, among others.

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