Definition of golden share in English:
A share in a company that gives control of at least 51 per cent of the voting rights, especially when held by the government.
- The defenders of golden shares point out that they enable governments to stop big, state-owned and subsidised firms gobbling up companies in their sector all over Europe.
- While golden shares and other takeover protection may keep predators at bay, European companies could still face a pummeling in global markets.
- The state would remain in control of important corporate decisions by retaining a golden share, he said.
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