state-owned
adj1
Owned and controlled by and at a national level, and served as a resource of the sovereign country or city state through a central government or its agencies and institutions as the head and operator.
- 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.2021 February 10, Richard Clinnick, “Eurostar boost as French promise aid”, in RAIL, number 924, page 10:
- Derived terms
- state-owned enterprise
- Related terms
- state ownership, public ownership