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

In the first nine months of 2012 gains (losses) on disposals and impairments of investments is a gain of €20 million. Details are as follows:

  9 months to September 30 Quarter III
€ million 2012   2011 Change 2012 2011 Change
Sale of Alpitour
162.3 (a) 0.0 162.3 (0.6) 0.0 (0.6)
Loss on Sequana transaction
(147.4) (b) 0.0 (147.4) 0.0 0.0 0.0
Banco BTG Pactual
5.2   0.0 5.2 0.0 0.0 0.0
Other
(0.1)   0.0 (0.1) (0.1) 0.0 (0.1)
Total 20.0   0.0 20.0 (0.7) 0.0 (0.7)
(a) Equal to the difference between the proceeds of €223.2 million (net of incidental expenses equal to €1.8 million) and the carrying amount of €60.9 million at June 30, 2011. (b) Of which -€103.8 million is for the fair value adjustment, -€50.6 million for the diluting effect on capital and +€7 million for other consolidation adjustments.
Commercial Register No.64236277 Note legali | Credits