With the payment of €18 million on June 29, 2007, the contract of purchase for the 45% minority interests in Deufol Tailleur GmbH effective June 30, 2007, was exe-cuted. The remaining purchase price of €5 million is to be paid within three tranches until mid 2010.
The financing was carried out primarily by bank loans, this will lead to an additional interest expense of around €0.6 million in the current year. Since the purchase in-cludes the entitlement to profits starting at January 1, 2007, significant profits which were attributable to minority interests, will from now on be attributable to the
The financing was carried out primarily by bank loans, this will lead to an additional interest expense of around €0.6 million in the current year. Since the purchase in-cludes the entitlement to profits starting at January 1, 2007, significant profits which were attributable to minority interests, will from now on be attributable to the
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