Subsidiary company

27.07.2013 19:04

Subsidiary company

1) A company of which another company (ie the holding/parent company) owns some or all (ie wholly owned) of the shares. Regarding 'O' licensing, a company which may have its vehicles specified on the 'O' licence of or carry the goods of its parent company or vice versa (not to be confused with associate company where this is not permitted).

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.235 (288 p.)




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