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Modifications de portage

English translation: Changes to nominee holdings

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07:23 Jun 18, 2001
French to English translations [PRO]
Bus/Financial
French term or phrase: Modifications de portage
A heading in comments to consolidated financial statements. The text that follows the heading describes changes in ownership of subsidiaries whereby Company A exchanges ownership of Company B with Company C, and all three companys form part of a single consolidated Group.
Brian
English translation:Changes to nominee holdings
Explanation:
"societe de portage" (sorry about accents) is, according to Harrap, a nominee company - ie one that holds shares in the active company but which probably plays no active part in managing it. This would fit in with what you say about ownership.

Hope it helps.
Selected response from:

Alison Webb
France
Local time: 08:29
Grading comment
Thanks!
4 KudoZ points were awarded for this answer

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Summary of answers provided
naChanges to nominee holdingsAlison Webb
naChanges in distributionregency
naModifications in distribution/exportation arrangements
Parrot


  

Answers


12 mins
Modifications in distribution/exportation arrangements


Explanation:
or maybe agreements.
"Portage: opération par laquelle une grande entreprise met à la disposition d'une autre entreprise son réseau international d'exportation" (Robert).

Parrot
Spain
Local time: 08:29
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 1861
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11 hrs
Changes in distribution


Explanation:
Modification is a change, therefore, changes in distribution

regency
United States
Local time: 01:29
PRO pts in pair: 2
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16 hrs
Changes to nominee holdings


Explanation:
"societe de portage" (sorry about accents) is, according to Harrap, a nominee company - ie one that holds shares in the active company but which probably plays no active part in managing it. This would fit in with what you say about ownership.

Hope it helps.

Alison Webb
France
Local time: 08:29
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 12
Grading comment
Thanks!
Login to enter a peer comment (or grade)




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