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FINANCIAL STATEMENTS AND EXPLANATORY NOTES
308
| 2012 annual report prysmian group
This balance has undergone the following movements during the year:
The following table summarizes the most important information about the equity interests held:
The increase of Euro 263,821 thousand in the value of
investments in subsidiaries is attributable to the following
transactions:
- on 27 February 2012, following the positive outcome of the
squeeze-out, Prysmian S.p.A. purchased for Euro 8,886
thousand the 478,878 ordinary shares of Draka Holding N.V.
for which acceptance was not obtained during the public
mixed exchange and cash offer for all the Draka Holding
3. INVESTMENTS IN SUBSIDIARIES
N.V. ordinary shares (100% of interest held). During the
year, the interest held was decreased to 69.691%, following
the transfer of assets from the subsidiary Prysmian Cavi e
Sistemi S.r.l. to Draka Holding N.V. as part of the corporate
restructuring process. As a result of this transfer Prysmian
Cavi e Sistemi S.r.l. has become the owner of 30.309% of the
shares in Draka Holding N.V., an interest that is nonetheless
indirectly owned by Prysmian S.p.A.;
(in thousands of Euro)
31 December 2011
Capital Squeeze-out
Capital Demerger 31 December 2012
Contribution procedure Contribution
related
to stock option
Prysmian Cavi e Sistemi S.r.l.
417,406
-
-
935
(140,819)
277,522
Draka Holding N.V.
977,595
230,000
8,886
-
-
1,216,481
Prysmian Cavi e Sistemi Italia S.r.l.
-
-
-
-
48,955
48,955
Prysmian PowerLink S.r.l.
-
-
-
-
63,481
63,481
Fibre Ottiche Sud - F.O.S. S.r.l.
-
12,000
-
-
28,383
40,383
Prysmian Treasury S.r.l.
-
12,000
-
-
-
12,000
Prysmian Kabel Und Systeme GmbH
2,154
-
-
-
-
2,154
Prysmian Kablo SRO
1
-
-
-
-
1
Prysmian Pension Scheme Trustee L.
-
-
-
-
-
-
Jaguar Communication Consultancy Services Private Ltd.
-
-
-
-
-
-
Prysmian Surflex Umbilicais e Tubos Flexiveis
do Brasil Ltda
-
-
-
-
-
-
Total investment in subsidiaries
1,397,156
254,000
8,886
935
-
1,660,977
Registered office
Share capital
% owned 2012
% owned 2011
Prysmian Cavi e Sistemi S.r.l.
Milan
Euro 100,000,000
100
100
Draka Holding N.V.
Amsterdam
Euro 39,094,979
69.691
99.121
Prysmian Cavi e Sistemi Italia S.r.l.
Milan
Euro 77,143,249
100
-
Prysmian PowerLink S.r.l.
Milan
Euro 50,000,000
100
-
Fibre Ottiche Sud - F.O.S. S.r.l.
Battipaglia
Euro 47,700,000
100
-
Prysmian Treasury S.r.l.
Milan
Euro 4,242,476
100
-
Prysmian Kabel Und Systeme GmbH
Berlin
Euro 15,000,000
6.25
6.25
Prysmian Pension Scheme Trustee L.
Hampshire
GBP 1
100
100
Prysmian Kablo SRO
(1)
Bratislava
Euro 21,246,001
0.005
0.005
Jaguar Communication Consultancy Services Private Ltd.
(1)
Mumbai
INR 12,738,400
0.0001
-
Prysmian Surflex Umbilicais e Tubos Flexiveis do Brasil Ltda
(1)
Vila Velha
BRL 128,290,457
0.010
-
(1)
Indirectly controlled
