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participation

as defined in Directive 2002/87/EC of the European Parliament and of the Council of 16…, Article 2, point (11)

a participation within the meaning of the first sentence of Article 17 of Fourth Council Directive 78/660/EEC of 25 July 1978 on the annual accounts of certain types of companies(16), or the direct or indirect ownership of 20 % or more of the voting rights or capital of an undertaking

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