Hi @qwerty3 and thanks for your observations!
To clarify, the SEB ownership stake you mentioned refers to nominee-registered shares. In other words, it does not mean that SEB itself owns that portion of Finnair’s shares; rather, SEB acts as the account operator for these nominee-registered shares, which are reported as a single holding managed by SEB. The actual share ownership behind the nominee register may be dispersed among many different parties. In contrast, non-nominee-registered shareholdings directly indicate the actual percentage of Finnair owned by that specific entity.
Best regards, Erkka