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The phrase "the controlling stake" is correct and commonly used in written English
It is typically used in business or financial contexts to refer to the majority ownership or control of a company or organization. Example: The CEO of the company owns the controlling stake, allowing them to make all major decisions regarding company operations and direction.
Exact(47)
The controlling stake still belongs to the Glazer family.
The sale of the controlling stake was closed the same day.
The consortium offered $190m more than Mr Slim for the controlling stake.
It expropriated the controlling stake held by Repsol of Spain in YPF, an oil company.
In 2007, K.K.R. and other firms acquired the controlling stake in Aricent, a software company, for $900 million.
Often the company paid cash rather than stock, to avoid diluting the controlling stake of the French billionaire Bernard Arnault.
Similar(13)
This gives Disney the majority controlling stake of BAMTech.
The takeover also gave the Bakries a controlling stake in Bumi, the renamed Vallar that remains listed in London.
[C3.] Yukos and Russia Still in Standoff The Russian oil giant Yukos and the government continued a standoff over the fate of a controlling stake in the company.
The Russian oil giant Yukos and the government continued a standoff on Thursday over the fate of a controlling stake in the company, Russia's largest exporter.
The Qatar Investment Authority bought a controlling stake in the club in May.
More suggestions(1)
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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