3. Gains (losses) on disposals of investments and impairments, net

In 2011, gains (losses) on disposals of investments and impairments, net, refer to the loss of €8 million realized on the sale on the stock market of the remaining 12,857,142 Intesa Sanpaolo shares (0.08% of ordinary share capital).
In 2010, the line item included the net gain of €0.6 million realized on the sale of the 0.25% stake in Intesa Sanpaolo ordinary share capital, as well as the impairment charge of €9.4 million to align the carrying amount (€2.98 per share) of the remaining 10 million Intesa Sanpaolo shares to the trading price at December 30, 2010 (€2.042 per share).

 

 

Commercial Register No.64236277 Legal notes | Credits