Private enterprises are often co-owned or indirectly owned by state.

Therefore the stadium is indirectly owned by the state of Salzburg.

The share capital can be owned directly or indirectly e.g. through an intermediate company.

It is indirectly owned by a group of Italian industrialists, and reflects their political stance.

The Bank owns directly and indirectly 19 subsidiaries, which operate in various financial markets sectors.

The Government would indirectly own huge parts of American companies, with the potential of political manipulation.

The company is 75.1% indirectly owned by the government of Abu Dhabi.

Or they would be owned indirectly by their own business, to be tax deductible from business profits.

RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float.

"I think it would be a matter of concern if the Singaporean government indirectly owned the Hong Kong phone company."