Perhaps this will help you its only an explanation of non controlling interest.
The group tgs(shareholders) holds 60% of the kippoi project but no single identity has control of this holding .
perhaps? is the reason for said statement .Ive had a brief look for where it is but cannot see it. cheers.
Looks like we have advantage long today in the trading today finaly.(:
Definition of 'Non-Controlling Interest' An ownership stake in a corporation where the held position gives the investor no influence on how the company is run. The majority of investor positions are deemed to be a non-controlling interest because their ownership stake is so insignificant relative to the total number of outstanding shares. For smaller companies, any position that holds less than 50% of the outstanding voting shares is deemed to be a non-controlling interest.
For the majority of publically traded companies, the number of outstanding shares is so large that a normal position cannot influence higher level activity, which is why it is deemed as a non-controlling interest. It is generally not until one control’s 5-10% that they can push for a seat on the board, or enact changes at the shareholders meetings by publically lobbying for them.
