Granada Entity (GE) holds 45 percent of the voting rights of Palermo Entity (PE). Eleven other investors each hold 5 percent of the voting rights of the investee. GE has entered into a shareholder agreement that grants GE the right to appoint, remove and set the remuneration of management responsible for directing the relevant activities of PE. What is GE's relationship with PE?

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The Answer of Granada Entity (GE) holds 45 percent of the voting rights of Palermo Entity (PE). Eleven other investors each hold 5 percent of the voting rights of the investee. GE has entered into a shareholder agreement that grants GE the right to appoint, remove and set the remuneration of management responsible for directing the relevant activities of PE. What is GE's relationship with PE?

Granada Entity (GE) Holds 45 Percent of the Voting Rights