11. Non-current assets held for sale

Non-current assets held for sale include:

  • the EXOR Group’s share of the Alpitour Group’s net equity atJune 30, 2011for €60.9 million, reclassified to “Non-current assets held for sale” following the start of a process for its valuation, not yet concluded at December 31, 2011 since the agreement for its sale sealed on December 23, 2011 is subject to conditions precedent which will occur during the first six months of 2012;
  • the valuation of Perfect Vision convertible bonds and the embedded derivative instrument (€9.4 million) carried out on the basis on the criteria established in the agreement signed on December 23, 2011 by EXOR S.A. and Vision Investment Ltd.

 

Commercial Register No.64236277 Legal notes | Credits