1. A company is deemed to be in a simple participation relationship with another company where one of them holds quota interests or shares in the other in an amount equal to or greater than 10% of the latter’s capital, but none of the other relationships provided for in Article 482 exists between them.
1 - Considera-se que uma sociedade está em relação de simples participação com outra quando uma delas é titular de quotas ou acções da outra em montante igual ou superior a 10% do capital desta, mas entre ambas não existe nenhuma das outras relações previstas no artigo 482.º
2. For the purposes of the amount referred to in the preceding paragraph, the holding of quota interests or shares by another company that is directly or indirectly dependent on a company, or is in a group relationship with it, and the holding of shares by any person on behalf of any of those companies, are treated as equivalent to the holding of quota interests or shares by that company.
2 - À titularidade de quotas ou acções por uma sociedade equipara-se, para efeito do montante referido no número anterior, a titularidade de quotas ou acções por uma outra sociedade que dela seja dependente, directa ou indirectamente, ou com ela esteja em relação de grupo, e de acções de que uma pessoa seja titular por conta de qualquer dessas sociedades.
The 10% threshold, the condition that no other Article 482 relationship exists, and the attribution of holdings of dependent or group companies and of shares held on their behalf are retained.
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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.