The Federal Finance Ministry is required to publish a detailed annual report on public funds,
institutions, and companies in which the federal government has a direct participation (including
a minority share), or an indirect participation greater than 25% and with a nominal capital share
worth more than €50,000.
The federal government had a partial or total stake in 111 companies
at the end of 2012, most prominently Deutsche Post (21% of shares are owned by public
development bank KfW), Deutsche Telekom (31.9%) and Deutsche Bahn (100%). Federal
government ownership is concentrated in the science, culture, transportation and logistics
As the result of federal financial assistance packages from the federally-controlled
Financial Market Stability Fund during the global financial crisis of 2008-9, the federal
government still has a partial stake in several private banks, including a 17% share in
Commerzbank, Germany’s second largest private bank.