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acción de oro

English translation: golden share

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	acción de oro
English translation:	golden share
Entered by:	Ana Brassara

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14:47 Feb 28, 2006

Spanish to English translations [PRO]
Bus/Financial - Finance (general) / takeover bid

Spanish term or phrase: acción de oro

La responsable de la CNE sí que opina que el hecho de que la alemana E.ON, que ha anunciado una oferta pública de adquisición de acciones (opa) sobre Endesa que rivaliza con una anterior de Gas Natural, tenga ***una especie de acción de oro *** que permite al Gobierno alemán vetar la entrada de terceros determina el análisis en España de esa operación.

MJ Barber KudoZ activity Questions: 1409 (1 open) (21 without valid answers) (61 closed without grading) Answers: 1352
Local time: 04:13

golden share

Explanation:
"Acción de oro"
Se denomina de esta manera aquella acción con derechos especiales de voto que le dan a su tenedor un poder especial con respecto a los demás accionistas. Este término se aplica especialmente a las acciones retenidas por algunos gobiernos después de una privatización.

http://www.caracasstock.com/bvc-eng/glosario/glosario.jsp

La Web Resultados 1 - 20 de aproximadamente 652 de "accion de oro" golden share. (0.20 segundos)

El fin de la 'acción de oro' deja a Repsol vulnerable ante una ...La segunda, más importante: hoy expira la golden share (acción de oro), un instrumento que el Gobierno implantó hace diez años para reservarse la última ...
www.elpais.es/.../Tes/economia/fin/accion/ oro/deja/Repsol/vulnerable/eventual/OPA/extranjera - 36k - En caché - Páginas similares

La 'acción de oro': un instrumento de control estatal sobre las ...La acción de oro es un instrumento de control que el Estado se reserva sobre las ... El primero en usar la golden share fue el Reino Unido en 1984, ...
www.elpais.es/.../Tes/economia/accion/ oro/instrumento/control/estatal/companias/privatizadas - 35k - En caché - Páginas similares

Comisión Europea y la "acción de oro"El Tribunal de la UE condena la «acción de oro» de Francia y Portugal, ... En su opinión, la ´golden share´ es admisible si no discrimina a los ciudadanos ...
www.ucm.es/info/jmas/f&a/oro.htm - 6k - En caché - Páginas similares

abc.es| ECONOMÍA - Repsol seguirá blindada por una «acción de oro ...La existencia de esta segunda «golden share» era desconocida para la gran mayoría del ... Sobre la «acción de oro» hay que aclarar que el Congreso está ...
www.abc.es/abc/pg060205/prensa/noticias/ Economia/Empresas/200602/05/NAC-ECO-067.asp - 53k - En caché - Páginas similares

El Consejo de Ministros deroga la "acción de oro" que el Gobierno ...Se conoce con la expresión "acción de oro" (golden share en inglés) al derecho de decisión sobre determinadas operaciones que se reserva un estado cuando ...
www.libertaddigital.com:83/php3/noticia.php3?fecha_ edi_on=2005-11-25&num_edi_on=1454

Selected response from:

Ana Brassara
Local time: 23:13

Grading comment

thanks, that's it.
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +3

golden share

Ana Brassara

5 +1

golden share

John Rynne

4 -1

gilt-edged share

David Hollywood

Answers

3 mins confidence:

peer agreement (net): -1

gilt-edged share

Explanation:
Croesus has offered 30 cents cash or one Croesus share for each Gilt-Edged share. Gilt-Edged managing director, Don Boyer, said an independent expert's ...

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Note added at 5 mins (2006-02-28 14:52:42 GMT)
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The term "gilt" derives from the expression "gilt-edged share", which implies a bond of outstanding credit quality. The holder of a gilt, therefore, ...
www.fin24.co.za/register/help/mmx_school/ displayarticles.asp?ArticleID=296840&Nav=rg - 46k - Cached - Similar pages

David Hollywood
Local time: 23:13
Meets criteria
Works in field
Native speaker of:

English
PRO pts in category: 506

8 mins confidence:

peer agreement (net): +3

golden share

Ana Brassara
Local time: 23:13
Meets criteria
Specializes in field
Native speaker of:

Spanish
PRO pts in category: 114

Grading comment

thanks, that's it.

9 mins confidence:

peer agreement (net): +1

golden share

Explanation:
This is a way in which governments retain a say in privatised companies. Even though the government owns less than a controlling stake, the law requires government approval for such things as takeovers, mergers, etc. It's as if the government's share in the company were "magic", like the "golden ticket" in Schwarzenegger's "Last Action Hero"

Reference: http://europa.eu.int/rapid/pressReleasesAction.do?reference=...
Reference: http://www.publications.parliament.uk/pa/cm199900/cmhansrd/v...

John Rynne
Local time: 04:13
Meets criteria
Specializes in field
Native speaker of:

English
PRO pts in category: 442

Notes to answerer

Asker: thanks John, very helpful, but I could only give points to one :(

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English translation: golden share

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English translation: golden share

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