44In the present case, the purchase of 61% of TAP SGPS’s share capital at the end of the reprivatisation process at issue in the main proceedings appears sufficient to allow the shareholder involved to exert a definite influence on the management and control of that company and thus also over its subsidiary TAP. It seems that that would still be the case following the redefinition of the shareholders in TAP SGPS, after which that shareholding of 61% was reduced to 45%, the Portuguese State having bought back the shares necessary to increase its holding from 34% to 50%.
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