Translation of "Veräußerung der beteiligung" in English

In November 2017, Uniper completed the sale of its stake on the Russian gas field Yuzhno-Russkoye.

A one-off effect from the sale of an at equity share amounting to EUR 12 million made a positive contribution.

Other inflows from investing activities related to the disposal of an equity investment of the Willenbrock Group and dividend payments from equity investments.

The Commission is also obliged to conclude on the basis of the available information that the (partial) sale of the Freenet stake, as envisaged in the restructuring plan, in order to redeem the State?guaranteed loan, which eventually happened in September 2003, would not have been possible in the short term.

Germany states in particular that, at that time, the stake could have been sold quickly only through the stock market.

If a divestiture trustee is appointed, Latvia and Citadele commit to receive binding and irrevocable for all parties bids by […]and enter into a binding and irrevocable agreement for the sale of the full stake of the Republic of Latvia in Citadele by […], to be closed by […]at the latest.

As regards measure 2, the Commission observed that, at the time of the sale, Tallinn Airport was 100 % owned by Estonia and that it lied within the jurisdiction of the Ministry of Economic Affairs and Communications, which seemed to indicate that the actions of Tallinn Airport could be deemed imputable to the State.

It follows from DPH's very solid finances that the pledge on 15 % of its shares is excellent collateral.

The investor finally needs to plan and execute an exit strategy, in order to generate a risk-adjusted return on investment from selling its equity stake in the company in which the investment is made.

By selling its participation in HOBEX, which is active in debiting authorisation, BAWAG-PSK withdrew from an important sector, where the most important banks are present in Austria.

The Commission also considers the divestment of East Merchant GmbH, a subsidiary which was a key player in Sachsen LB’s structured finance activities, as a valid compensatory measure.

Thirdly, the Spanish authorities point out that the measure at issue does not constitute a true economic advantage since, in the case of sale of the acquired shareholding, the amount deducted is recovered by taxation of the capital gain, thus placing the taxpayer in the same situation as if Article 12(5) TRLIS had not been applied.

In effect, by allowing the amortisation of financial goodwill, if the foreign shareholding in question is resold, the amount deducted would lead to an increase in the capital gains charged at the time of sale.

By taking a write-down and immediately selling the stake, FBN had no longer to apply the prudential filter to equity accounted stakes to its Tier 1 and Tier 2 capital.

The disposal commitments listed above will be deemed to have been satisfied when Dexia and the acquirer conclude a final and binding agreement (i.e. an agreement which cannot be terminated unilaterally by Dexia without paying a penalty) for the disposal of the whole of Dexia’s holding in the entity or asset concerned, even if all the authorisations or statements of non-objection from the competent surveillance authorities have still to be obtained at the time of signature of the agreement, provided that closing takes place at the latest six months after signature of the disposal agreement.

Germany states that the tax benefit is related to the disposal of the participation in the TE (Veräußerungsvorgang), and hence has no direct link to the investment.

The potential disposal by the FMEA of its holding in 2012 is a working hypothesis with a view to assessing the return on the investment as it would stand in 2012, on the basis of the 2011 results.

On 18 December 2011 the Commission was informed that a binding Memorandum of Understanding on the sale of Dexia SA’s 99,906 % holding in Dexia BIL was about to be concluded.

However, as the privatisation mandate provided for the divestiture of all of ÖIAG’s shares, it was only on the basis of the transaction structure proposed by all bidders (an Austrian registered private foundation) that ÖIAG was able to sell its shares in Austrian Airlines while retaining, for the airline, the valuable traffic rights in question and carrying out a complete privatisation.

The divestment commitments listed in points (a) to (n) above shall be deemed to have been met when Dexia and the purchaser have concluded a binding, definitive agreement (i.e. an agreement which cannot be cancelled unilaterally by Dexia without payment of a penalty) for the divestment of Dexia’s entire holding in the entity or asset concerned, even if all the authorisations or declarations of non-objection have not yet been obtained from the competent supervisory authorities when the agreement is signed.

In the Commission's view, the disposal of Volvo's stake in Scania within the agreed deadline would not impact noticeably on Volvo's ability to borrow and invest, nor would it reduce its ability to compete in the marketplace.

One of those commitments was to sell Edizione's stake in Blu to a suitable purchaser possessing the necessary technical and financial resources for developing its activities.

One of these conditions was the divestment of Volvo's stake in Scania by a date agreed with the Commission.

The European Commission has cleared, under the Merger Regulation, RTL's acquisition of sole control over M6 following the sale on the market by Suez of most of its shareholding in the French TV channel.

These commitments comprise, inter alia, the divestiture of ECT's 33,3 % share in the Maersk Delta BV (MDBV) container terminal, a joint venture with the A.P. Møller Group (Denmark), to an independent buyer.