The phrase "a joint subsidiary" is correct and usable in written English.
It can be used to describe a company that is owned by two or more parent companies, typically in a business context.
Example: "The two corporations decided to establish a joint subsidiary to expand their market reach in Asia."
Alternatives: "a shared subsidiary" or "a collaborative subsidiary".
And its new rival, a joint subsidiary of American company BellSouth and UK company Cable & Wireless, promised to be a formidable contender.
The report did not single out which of the two facilities at the complex — the government-run Institute of Animal Health or the commercial Merial Animal Health, a joint subsidiary of the American drug maker Merck and Sanofi-Aventis — was the source of the virus infecting the cattle.
With an eye toward commanding the emerging European market for sound film, Tobis entered into a compact with its chief competitor, Klangfilm, a joint subsidiary of Germany's two leading electrical manufacturers.
Hubbert Advertising & Public Relations Co. Inc., of Costa Mesa and C. Robert Perryman Inc., of Irvine, are now operating a joint subsidiary, Hubbert-Perryman Advertiserveto serve Presley, a subsidiary of the Pacific Lighting Real Estate Group.
Other larger mergers were he creation of six regional sales organizations for the steel in lustry, the merger of Thyssen ??nd Mannesmann Steel Pipe Units, as well as foundation of joint subsidiary by A.E.G. ??nd Siemens for the construc ion of power plants and tur ines.
Hotel Acquisition, a joint venture of subsidiaries of Thayer Hotel Investors and the Shanghai Jin Jiang International Hotels Company, will pay $2.25 a share, a 79percentt premium over Interstate's close on Thursday.
NS, the Netherlands state railway, is, through its subsidiary, a joint owner of Northern Rail and Merseyrail and from February will run the Greater Anglia franchise.
As a result, HIP officials said they had stepped up negotiations to seek a cash infusion from another health company that might want to form a joint venture with the subsidiary, HIP Health Plan of Florida.
Mr. Cuomo threw his support behind the construction of a 3.8-million-square-foot convention center at the Aqueduct Racetrack in Queens, as a joint venture with a subsidiary of the gambling company Genting Group, which in October opened a casino with electronic games at the racetrack.
Dow Chemical recently received a $9.5 billion infusion via a joint venture from a subsidiary of Kuwait's state-owned oil company.
In a joint venture with a subsidiary of ROBERTO ROCCA's (Argentina) global construction and engineering outfit, Techint, to form Eco-cemento, a more environmentally friendly cement plant.
