How are Joint Ventures & Associates treated in Practice When calculating the Implied Enterprise Value?
Is it typically excluded from EV? Why?
Is there a specific claim that equity holders have on on the JV's and Associates?
Is it typically excluded from EV? Why?
Is there a specific claim that equity holders have on on the JV's and Associates?
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it is
It is. Have to take this into account when running multiples such as EV/EBITDA to keep consistency
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