cross holding

Cross Holding

The situation in which one publicly-traded company owns stock in another publicly-traded company. This situation can lead to double-counting of securities, especially when the two corporations are listed on the same index. Thus, one needs to account for cross holdings when aggregating the capitalizations of firms. If two firms cross hold each other, it is difficult to displace the management in one without the consent of the other corporation.

cross holding

The holding of securities in one another by two or more corporations. For example, firm A owns equity in firm B at the same time that firm B holds equity in firm A.
References in periodicals archive ?
Radia had said: " Regarding Swan Telecom, I would like to state that as an applicant it was not even eligible for getting a UAS licence, in view of the cross holding clause.
We appreciate that the question of the cross holding is a concern for those in the financial community and merits our ongoing attention.
KTM Power Sports AG (formerly known as Cross Holding AG and currently publicly traded on the Vienna Stock Exchange under the symbol KTM) owns and controls KTM Sportmotorcycle AG, a leading European manufacturer of motorcycles.
9% interest in Austrian motorcycle manufacturer KTM Power Sports AG, formerly known as Cross Holding AG, through its Austrian subsidiary from an institutional investor.
NYSE:PII)(PSE:PII) announced today that it will purchase a 24-percent interest in Austrian motorcycle manufacturer KTM Power Sports AG, formerly known as Cross Holding AG, and partner with KTM on several important strategic projects.
The adjustments eliminate distortions caused by double counting of share capitalization, reducing the weights of stocks and markets where cross holding is prevalent.
Investors include Triathlon Medical Ventures, Venture Investors, Fletcher Spaght Ventures, New Science Ventures, Early Stage Partners, Reservoir Venture Partners, The Cleveland Clinic, Takeda Ventures, Green Cross Holdings Corporation and POSCO Capital.
According to Reuters, the central bank of Chile has called for more oversight in cross holdings.
Peter Galbraith from Kendall Cross Holdings, contractors of the site, said: "This is a great boost for the area and will provide sustainable, efficient homes for locals.
Architect: Reid Jubb Brown Partnership Developer: Sunniside Partnership and Sunderland City Council Contractor: Kendall Cross Holdings Runner-up: Time Central Architect: Lister Associates Developer: Gallowgate Properties Ltd Contractor: Tolent Construction Runner-up: Memphis Architect: Shuttleworth Picknett & Associates Developer: Marchday Group plc Contractor: ROK
Heretofore, Japanese companies have depended on their network of cross holdings and strategic stakeholders to fend off corporate predators.
Instead he claimed the collapse of the sector was due to the weak structure of some split capital investment trusts, caused by high levels of borrowings to invest and cross holdings in other splits.