| In effect, the intermediate holding company, under whose umbrella these subsidiaries would operate, would not be governed by a single regulator. |
| This is intended to garner tax from foreign subsidiaries of the holding company domiciled in their respective countries. |
| For good measure, O'Brien also won approval for his company's new international Swiss holding company to borrow directly against the revolver. |
| A joint holding company will be created to ensure the brands keep trading side by side for at least three years. |
| The government intends to divide the Austrian Federal Railways into nine private companies run by a holding company. |
| As a result of the reorganization, Pegasus Satellite will become a direct subsidiary of the new holding company. |
