110That presumption is, however, rebuttable (see, to that effect, judgment of 8 May 2013, Eni v Commission, C‑508/11 P, EU:C:2013:289, paragraph 47). As highlighted by the Court, it is not the holding of such a percentage of the capital of the subsidiary that gives rise to that presumption, but the degree of control of the parent company over its subsidiary that this holding implies (judgment of 27 January 2021, The Goldman Sachs Group v Commission, C‑595/18 P, EU:C:2021:73, paragraph 35). However, although the fact that one company holds almost all the capital of another is highly indicative that such control is held, this does not make it possible to rule out with certainty the possibility that another person or other persons may hold, alone or together, decision-making power, since, inter alia, ownership of the capital may have been dissociated from voting rights.
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