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Topic: golden-share

The Royal Exchange building in the City of London, lit at night
Economy
Monday, 7/6, 07:39 PM

What Is a Golden Share?

  • A golden share lets a government veto major decisions at a strategically important company, from foreign takeovers to plant closures, even when the state owns little or none of the ordinary equity.
  • Here is how the mechanism works, and why it keeps colliding with open markets.

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