Public undertaking

Any undertaking over which public sector bodies may exercise directly or indirectly a dominant influence by virtue of their ownership of the undertaking, their financial participation in it or the rules governing it; for the purposes of this definition, a dominant influence of public sector bodies over the undertaking shall be presumed in all the following cases where those bodies, directly or indirectly: 

• hold the majority of the undertaking's subscribed capital;
• hold the majority of the votes attached to the shares issued by the undertaking;
• can appoint more than half of the members of the enterprise's administrative, management or supervisory body.