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A PLC investment company has offered to take an investment stake in our business. They wish to report the full value of our sales, etc. in their income statement, etc. In order to do this, what is the minimum percentage that they need to own? Their claim is 51%. Is this correct?
W Hastings

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By AnonymousUser
28th Mar 2007 11:25

minimum to be a parental is 51%
Yes,51% of the business shares must be taken over by them , So obvously they will be the Parental Co, and your business will be the Subsidary
Most probarbly they will have the managment controll over the business, If i am not mistaken
Thanks
Luqman A A

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