without discount on the market value of minority participations

[Alex777]

Помогите, пожалуйста, перевести!

Контекст:
For the purposes of this article Fair market Value shall mean the market value per share outstanding as determined by mutual consent between the parties or in the absence thereof, on an arms length basis by an independent third party expert, appointed in mutual consent by the Parties, provided that such third party expert shall determine the market value on the basis of a sale of all shares (without discount on the market value of minority participations).

without discount on the market value of minority participations - без скидки на рыночную стоимость акций долевых участников??

Заранее спасибо

[YelenaPestereva]

minority participations -- миноритарные доли участия/пакеты акций

[d.]

без дисконта... долей меньшинства