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A State-Sponsored Body is the name given in Ireland to a state-owned enterprise , that is to say, a commercial business which is beneficially owned, either completely or majority, by the Irish Government. Each state-sponsored body has a sponsor Minister who acts as shareholder, either independently, or in conjunction with the Minister for Finance, who may also be a shareholder. State-sponsored bodies are often popularly called semi-state companies, a misnomer, since they are all fully owned by the state, in addition not all of them are actually companies.
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