I would like to ask is there any way to determine the equity interest of target company if there is circular ownership. For example, suppose company A owns 50% of company B, company B owns 100% of company C but company C owns 100% of company A. How can I determine the 50% equity interest of company B owned by company A? I once think of adding equity interest of B and C
Is there any reference to explain the methodology to evaluating the equity interest given the above situation? Thanks.