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The phrase "a controlling stake" is correct and usable in written English.
It is typically used in the context of finance or business to refer to ownership of a sufficient number of shares in a company to influence its decisions and operations.
Example: "After the acquisition, the investor held a controlling stake in the company, allowing them to dictate its future direction."
Alternatives: "majority ownership" or "dominant shareholding".
Exact(59)
A year later Redstone acquired a controlling stake in Viacom.
Hutchison Whampoa would retain a controlling stake.
Renault owns a controlling stake in Nissan.
Comcast has bought a controlling stake in NBC Universal.
It also owns a controlling stake in Bank Danamon.
| Sprint to sell a controlling stake to SoftBank of Japan.
Heineken recently bought a controlling stake in Asia Pacific Breweries.
A controlling stake in the whole of Mitsubishi Motors is worth a lot more to Daimler than a controlling stake in cars.
Norilsk, the world's largest palladium miner, agreed in November to buy a controlling stake in Stillwater.
Preliminary, nonbinding bids must be submitted today for a controlling stake in the Boston Red Sox.
Similar(1)
Intrawest owns a majority -- but not a controlling -- stake in Mammoth.
More suggestions(15)
a controlling shareholding
a controlling stock
a controlling shareholder
a controlling equity
a commanding stake
a controlling hand
a controlling relationship
a controlling femi-nazi
a controlling artist
a controlling leader
a controlling schemer
a controlling person
a controlling partner
a controlling niceness
a controlling holding
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com