Participating interests
Rights held in the capital of other undertakings, meant to create a lasting link.
The Luxembourg balance sheet distinguishes three things that are routinely conflated. “Shares in affiliated undertakings” means companies in the same group. “Participating interests” means undertakings the company is linked to by a participating interest without being in the same group. The “securities” under current assets are neither: they are held to be sold.
All three are different again from a beneficial owner, the natural person who ultimately controls the company. The beneficial owners register has not been public since the Court of Justice's judgment of 22 November 2022, and Overit publishes nothing from it.
Here too the balance sheet gives the amount and not the name. An ownership structure cannot be reconstructed from annual accounts.
Participating interests in figures
Values from published annual reports. 3,173 companies could be ranked — a company that did not report this figure is not in the list.
- 1BRC S.à R.L.€31,614,313,094
- 2Patri Participations Holding€9,347,397,317
- 3PATRINVEST€7,427,446,762
- 4Bevco Lux S.à r.l.€6,565,936,912
- 5CPP Investment Board Europe S.à r.l.€4,610,686,922
Where this figure comes from
Read from the “Participating interests” line of the balance sheet filed with the Centrale des Bilans.
Related terms