The Luxembourg state notched up €191.7 million in returns on shares and investments in 2018, a healthy figure, but still the lowest recorded in the past six years.
According to figures published by finance minister Pierre Gramegna (DP), responding to a parliamentary question, the strongest returns were recorded in dividends from BGL (€88,155,993.80), SES Global SA (€21,309,063.04) and Enovos (€681,075.00).
It drew dividends from Cargolux for the first time in five years in 2018 (€1,396,954.73).
Gramegna said in his response to a question from Serge Wilmes (CSV) that in future the ministry would form a committee to coordinate and assess the state’s investment portfolio and propose suggestions to improve its management.
Gramegna, meanwhile, stressed that government shares were not intended as “speculative or investments aimed at maximizing return, but reflect the political choice and long-term strategic direction of the State.”