Corporate Strategy

A family has 80% of the cash flow rights of firm A. Firm A has 50% of the cash flow rights of firm B. Firm B has 40% of the cash flow rights of firm C. A family has 80% of the voting rights of firm A.

16%

The family owns 0.8 * 0.75 * 0.6 = 0.36 = 36% of the voting rights of firm C

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