The financial encyclopedia uses cookies to improve your user experience. Find out more here!






A group of interrelated companies (in fact one single business entity with many corporate parts). It usually consists of one holding company and a number of subsidiary companies, though there may be sub-subsidiary companies or associated companies (for example if A Company and B Company each own 50 per cent of C Company and A Company owns B Company, C Company is part of the group though not a subsidiary of either). Situations where A Company owns B Company owns C Company owns A Company are not permitted.

Reference: The Penguin Business Dictionary, 3rd edt.