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Franco-Nevada is Normandy's biggest single shareholder.
Mr. Dabah, 54, is still a board member and the company's largest single shareholder.
Gazprom management is heavily influenced by the government, which is its largest single shareholder.
No single shareholder will be allowed to hold a stake of more than 4.9percentt.
UniCredit's bylaws state that no single shareholder should control more than 5 percent of the votes.
Since Liberty is backed by multiple investors, the family will remain the biggest single shareholder.
Until recently, for example, no single shareholder could own more than 10percentt of the company.
As the biggest single shareholder, Telefónica can effectively veto the deal.
The first is that the United States is the World Bank's largest single shareholder.
Still, problems can arise when a single shareholder like Flowers has majority control of a company.
Mr. Musk is Tesla's largest single shareholder, owning just under 20percentt of the company.
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