Bob Buhr

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Q: Can you describe what special shares are and in what countries, companies and situations they come into play?

A: A number of European corporate issuers have 'special' or 'golden' shares. In fact, 'shares' is a bit of a misnomer: they're actually special rights that governments hold in companies that were at one time state owned, but have since been partially or completely privatised. Governments retain these shares as a means of exercising some degree of control over management actions that

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