3 ms·
ENEL has been privatized a long time ago and the Italian government has just a plurality stake.
by carlob 5y ago
ENEL has been privatized a long time ago and the Italian government has just a plurality stake.
- permo-w 5y agojust a plurality? wouldn’t a plurality make them the controlling shareholder?
- kosievdmerwe 5y agoPlurality means largest stake, but that stake is less than 50%. So it means that they have a lot of say, but they can be overridden if every other shareholder disagrees.
- permo-w 5y agoisn’t the controlling shareholder generally the shareholder with the largest portion?
- kosievdmerwe 5y agoAFAIK controlling shareholder means that the shareholder has more than 50% of the voting power. They or the group they belong to have unilateral control of the company barring some restrictions. Though looking at this a large but not 50%+ stake can also be "controlling": https://www.upcounsel.com/controlling-shareholder https://www.upcounsel.com/controlling-shareholder But controlling looks to more about how much voting power and influence you have rather than how many shares, because remember companies can have different classes of shares.