Yes. Generally, as part of our analysis, when we identify merging parties, we would look at affiliates. An affiliate is defined under the Competition Act as generally being a company in which another entity has over 50% interest or what we call “control”, but there can be instances when the other company is below that, with a minority interest, but it still affords them the ability to control the economic behaviour of that affiliate company. Those are things that we would take into account.
We look at not just de facto but de jure control of companies.