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1 An increase in the nominal price of a company's shares, by combining a specified number of lower-price shares into one higher-priced share. For example five 20p shares may be consolidated into one £1 share. In most cases this can be done by an ordinary resolution at a general meeting of the company.

2 The inclusion of one or more subsidiary companies in a parent company's financial statements. See also consolidated financial statements.

Subjects: Financial Institutions and Services.

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