What does "state-owned" mean?

Owned, controlled by, and under the purview or responsibility of a country's central government or its agencies and institutions.

State-owned

Common synonyms include: collectivized, french état, government agencies, government property, government-operated, nationalized.

adj

adj ·Rare ·Advanced level

Adjective

1
Owned, controlled by, and under the purview or responsibility of a country's central government or its agencies and institutions. not-comparable
"The French Government is Eurostar's majority shareholder, with the country's state-owned railway SNCF holding a 55% stake, while Belgian state operator SNCB has a 5% stake."

"Sonatrach is the Algerian state-owned oil company."