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Dictionary
golden share
noun
A nominal share which is able to outvote all other shares in certain specified circumstances, often held by a government organization in a government company undergoing privatization and transformation into a stock company.
Exact(55)
That would require the agreement of the British government, which has a "golden share" in Rolls.
The British government's "golden share" in privatised BAE gives it a veto on changes of control.
And Brazil's government holds a golden share in Vale that lets it block big deals.
Even after privatisation the British government retained a "golden share" that protected Rolls-Royce from takeover.
The government threatened to use its golden share in Telefonica to torpedo the deal.
The golden share is in place because air space is crucial to national security.
Similar(5)
Last year, the court upheld actions against golden-share arrangements in France, Portugal and Belgium.
Outside portfolio investors buying into Swedish firms have demanded they relinquish or relax their golden-share system.
On Thursday, a senior judge at the European Court of Justice is expected to issue an initial opinion on two earlier golden-share challenges, involving Spain and Britain.
Italian leaders responded with a golden-share law that blocks the French company from increasing its stake in the Italian electric utility Montedison.
"The precise timing will depend on the Football League's transfer of the club's 'golden share'.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com