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Voting interest (or voting power) in business and accounting means the total number of votes entitled to be cast on the issue at the time the determination of voting power is made, excluding a vote which is contingent upon the happening of a condition or event which has not occurred at the time.[1]
This notion is different from economic interest that refers to a percentage of all the equity issued, including preferred stock, warrants, and so on. Ownership of more than 50% of voting shares gives the right of control and consolidation. In special cases, control is possible without having to own more than 50% of voting stock. For example, if agreed, shareholders may pass control to a chosen one owning much fewer shares (for example in the case of the two petroleum companies, MOL Group and INA - Industrija nafte).
Company ABC has 1,000,000 ordinary shares and 500,000 preferred shares outstanding.
Company XYZ buys 700,000 voting shares and 100,000 preferred ones.
Therefore, its voting interest is (700,000/1,000) 3%.