Русско-англо-русский юридический словарь

What are the differences between affiliate, associate and subsidiary companies?

All three of these terms refer to the degree of ownership that a parent company holds in another company. In most cases, the terms affiliate and associate are used synonymously to describe a company whose parent only possesses a minority stake in the ownership of the company.

A subsidiary, on the other hand, is a company whose parent is a majority shareholder. (Investopedia)

An associate is an entity over which an investor has significant influence and that is not a subsidiary of the investor. (IFRS for SMEs 14.2). (RTL 21 - Rahandusministeerium)