• During the last decade, many building societies and life insurers demutualised and were floated on the stock market.
• There has been a massive expansion in share ownership caused by privatisations and demutualisations.
* * *
The Board quit after it failed to get the minimum 75% vote from members in favour of demutualizing.
The company was demutualized and became a stock corporation in 1991. — Компания потеряла статус взаимной и стала акционерной корпорацией в 1991 г.
When an insurance company demutualizes, policy owners are given the option of receiving stock in the reorganized insurance company or receiving cash in lieu of stock. — Когда страховая компания преобразуется из взаимной в акционерную, владельцам полисов предоставляется возможность выбора: получить акции реорганизованной страховой компании или вместо акций получить денежную выплату.