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English definition of “state-owned”

state-owned

adjective     ECONOMICS, GOVERNMENT
owned by the government : a state-owned airline / bank / industry Many people acquired shares in the former state-owned group when it was privatised in 2009. The eventual deal will have to be approved by the French privatisation commission , because Credit Lyonnais is state-owned.
US owned by a state : Threatened by a ballot measure to disband it, Oregon's state-owned workers ' compensation insurer found mixed support among local Republicans . state-owned land
(Definition of state-owned adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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