2. Gains (losses) on disposals, impairment (losses) reversals of investments

In 2014, gains (losses) on disposals, impairment (losses) and reversals of investments consist of gains of €5.8 million on the sale of listed securities and total losses of €10.6 million, of which €5 million refers to the sale of the remaining investment in Alpitour (7.17% of capital) and €5.6 million (price adjustment) established by the agreement signed by EXOR and Alpitour on June 30, 2014 which definitely closed all present and future disputes.

The line item also includes €8 million for the reinstatement of the carrying amount of Fiat preferred shares written down in 2001, which had not been fully reinstated in subsequent years.

In 2013, gains (losses) on disposals, impairment (losses) reversals of investments include the gain of €87.2 million relating to the sale of The Black Ant Value Fund to the subsidiary EXOR S.A., net of price adjustments relating to the sale of Alpitour in 2012.

Commercial Register No.64236277 Note legali | Credits