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.
The MoU does not include any cross holding arrangements.
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.
Green Cross Holdings Corporation (KRX: 005250), a holding company for Green Cross Corporation, a leading biopharmaceutical company, and healthcare related businesses, today unveiled its new strategic master brand that promotes the simplified 'GC' name as a global corporate asset, along with a new visual identity designed to become a universally recognizable symbol.
Green Cross LabCell is an arm of South Korea's biopharmaceutical company Green Cross Holdings.
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