Updated: Aug 20, 2021

A group of interrelated companies (in fact one single business entity with many corporate parts). It usually consists of one holding company and a number of subsidiary companies, though there may be sub-subsidiary companies or associated companies (for example if A Company and B Company each own 50 per cent of C Company and A Company owns B Company, C Company is part of the group though not a subsidiary of either). Situations where A Company owns B Company owns C Company owns A Company are not permitted.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.