Landesbeteiligungen in vollständigem Landesbesitz

English translation: wholly owned state holdings

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Landesbeteiligungen in vollständigem Landesbesitz
English translation:wholly owned state holdings
Entered by: H. C. Centner

15:35 Aug 2, 2014
German to English translations [PRO]
Government / Politics / Government Project
German term or phrase: Landesbeteiligungen in vollständigem Landesbesitz
this is a document about a project in BW -

Teilnahmeberechtigt sind alle Ministerien des Landes Baden-Württemberg sowie deren nachgeordnete Bereiche wie Regierungspräsidien, Oberfinanzdirektionen, Landesbetriebe oder Landesbeteiligungen in vollständigem Landesbesitz.

I am considering
state agencies or state holdings completely owned by the state.

I have a feeling I am way off here!
Anyone care to help?
H. C. Centner
Germany
Local time: 13:12
wholly owned state holdings
Explanation:
Yes, you're on the right lines, though you don't have to repeat "Land" as the German does. They're businesses wholly owned by the state, as opposed to (say) majority holdings like the one in my reference.

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Note added at 2 hrs (2014-08-02 17:57:28 GMT)
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Or you could say wholly state-owned businesses.
Selected response from:

philgoddard
United States
Grading comment
thank you for all your support!

4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3wholly owned state holdings
philgoddard
Summary of reference entries provided
Both terms explained
Björn Vrooman

Discussion entries: 1





  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
wholly owned state holdings


Explanation:
Yes, you're on the right lines, though you don't have to repeat "Land" as the German does. They're businesses wholly owned by the state, as opposed to (say) majority holdings like the one in my reference.

--------------------------------------------------
Note added at 2 hrs (2014-08-02 17:57:28 GMT)
--------------------------------------------------

Or you could say wholly state-owned businesses.


    Reference: http://www.provinz.bz.it/de/institutionelle-veroffentlichung...
philgoddard
United States
Native speaker of: English
PRO pts in category: 39
Grading comment
thank you for all your support!
Notes to answerer
Asker: Thank you Phil, you always have such great information and a lovely way with words!


Peer comments on this answer (and responses from the answerer)
agree  Helen Shiner: 'wholly-owned state holdings' would be my preference. With a hyphen./We're going to have to disagree on that one; it's an adjectival construction 'wholly-owned'.
1 hr
  -> No hyphen, as wholly is an adverb. But thanks for agreeing!

agree  Björn Vrooman: See also discussion post. I'd go for your second option, even though there may be some ambiguity involved (see reference post that finally made it through!)
3 hrs

agree  gangels (X): But Landesbeteiligung in vollem Landesbesitz makes no sense
19 hrs
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Reference comments


1 day 38 mins
Reference: Both terms explained

Reference information:
Hi Helen,

just to make sure the correct information is relayed.

Regarding "Landesbetriebe", Baden-Württemberg's "Landeshaushaltsordnung" (§ 26, p. 42) says:
"Landesbetriebe sind rechtlich unselbständige, haushaltsmäßig gesondert geführte Teile der unmittelbaren Landesverwaltung, deren Aufgabenstellung über die reine Vermögensverwaltung hinausgeht und die bei ihrer Aufgabenerledigung
- entsprechend einer Ausrichtung auf erwerbswirtschaftliche Zwecke eine angemessene Gewinnerzielung verfolgen oder
- entsprechend einer Ausrichtung auf eine marktwirtschaftliche Bedarfsdeckung möglichst hohe Kostendeckungsbeiträge anstreben."
http://www.esf-bw.de/esf/fileadmin/user_upload/downloads/Rec...

But consider:
"Landesbetriebe sind in Baden-Württemberg keine eigenständige Organisationsform, sondern eine haushaltsmäßige Zusammenfassung von Vermögensgegenständen zum Zweck der Erledigung von Landes
aufgaben. Dabei können sie sowohl Landesbehörde oder Teil einer Landesbehörde sein, wie das Informatikzentrum Landesverwaltung Baden-Württemberg, als auch eine Zusammenfassung vormaliger Landesbehörden, wie bei der Vermögens- und Hochbauverwaltung im Landesbetrieb Vermögen und Bau Baden-Württemberg - einer Landesoberbehörde. Sie können
aber auch Teile von Landesbehörden umfassen, wie der Landesbetrieb für
vollzugliches Arbeitswesen, der Teile der Justizvollzugsanstalten zusammenfasst. Dies ist ein wesentlicher Unterschied zu den kommunalen Eigenbetrieben, die vollständig institutionalisiert sind und damit selbstständiger operieren können."

So what if the Landesbetrieb is part of a Behörde, not the Behörde itself?

"Landesbeteiligungen", on the other hand, are (usually) private organizations in which the government has a certain stake. See the definition:
"Landesbeteiligung ist die unmittelbare oder mittelbare kapitalmäßige Beteiligung eines Bundeslandes an Unternehmen in der Rechtsform des privaten Rechts (z.B. in Aktiengesellschaften). Sie beziehen sich insbesondere auf die Bereiche Strom- und Gasversorgung, Verkehrswirtschaft, Lotterie, Landesentwicklung und Verkehrswirtschaft. Infolge der Finanzschwäche der Länderhaushalte werden derartige Landesbeteiligungen zunehmend aufgegeben."
http://juristisches-lexikon.ra-kdk.de/eintrag/Landesbeteilig...

This does not match the following definition of state-owned enterprises / government-owned corporations:
"Also known as government-owned corporations (GOC), state-owned entities should not be confused with companies with stocks that are owned in part by a government body, since these companies are truly public corporations which happen to have a government entity as one of their shareholders. SOEs are common across the globe, including in the U.S where mortgage companies Freddie Mac and Fannie Mae are considered government-sponsored enterprises (GSEs)."
http://www.investopedia.com/terms/s/soe.asp

But it may just be that:
"Providing an inclusive definition of a state-owned enterprise can be difficult because each country can outline the characteristics of such an arrangement. In some instances, for example, an SOE may be only partially owned by the government. The country’s laws may simply require the government to own the largest portion."
http://www.wisegeek.com/what-is-a-state-owned-enterprise.htm

The most important thing to remember about Beteiligungen is that it refers to a stake in legal entities which do not have to have been set up by the government in the first place.

Maybe that'll help clear things up a bit. Please always keep in mind that every country seems to have its own terms for special fields. See:
"State Owned Corporations (SOCs) are Public Trading or Financial Enterprises which have been corporatised. Corporatisation involves the establishment of a corporate governance structure which mirrors as far as possible that of a public-listed company, essentially creating an "arm’s length" relationship between the SOC board/management and the government as owner or shareholder."
http://www.treasury.nsw.gov.au/Commercial_Policy_Framework/G...

Thus, this translation area is far from simple or clear-cut.

Best wishes

Björn Vrooman
Native speaker of: Native in GermanGerman
PRO pts in category: 4
Note to reference poster
Asker: Björn, I am overwhelm by your generous information and sharing of links. I haven't had time to look at them as I have a deadline. But thank you so much.

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