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"controlling stake" is correct and usable in written English.
You can use it to refer to a large amount of ownership or control of a company, business venture, or other asset. For example: "The company was bought by a small investment group with a controlling stake in the business."
Exact(59)
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.
The controlling stake still belongs to the Glazer family.
(They will retain their controlling stake even after the I.P.O).
| Sprint to sell a controlling stake to SoftBank of Japan.
Heineken recently bought a controlling stake in Asia Pacific Breweries.
And it bought a controlling stake in Telenet in 2007.
A controlling stake in the whole of Mitsubishi Motors is worth a lot more to Daimler than a controlling stake in cars.
Similar(1)
Intrawest owns a majority -- but not a controlling -- stake in Mammoth.
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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