Arogo Holdings Oy (formerly AROGO) is an Arolan state-owned holding company, owned and operated by the government of Arola. Arogo Holdings acts as the parent of several subsidiaries formed or acquired by the government, allowing the government to invest and sharehold through a company.
Arogo Holdings was formed in April 1975 as Arolan Government Operations (AROGO) and has since expanded to over 12 offices in the European region with its main headquarters in Arola's capital city Kelvia.
History[]
On 8th April 1975, the Arolan government passed the Government-Owned Subsidiaries Act 1975, which created a state-owned enterprise, AROGO.
On 11th April 2002, AROGO was rebranded into Arogo Holdings.
During the 2007–08 financial crisis in Arola, Arogo Holdings suffered from large amounts of losses during Benjamin Palander’s presidency.