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On 19 July 2013, the merger was completed of Draka
Communications B.V. into Kabelbedrijven Draka
Nederland B.V..
On 1 August 2013, the merger was completed of Plasma
Optical Fibre B.V. into Draka Comteq Fibre B.V.
On 19 August 2013, the merger was completed of Bergmann
Kabel und Leitungen GmbH into Prysmian Kabel und
Systeme GmbH.
On 2 September 2013, the merger was completed of
Draka Deutschland Vierte Beteiligungs GmbH into Draka
Deutschland GmbH.
On 3 September 2013, the merger was completed
of Draka Comteq Germany Holding GmbH into Draka Cable
Wuppertal GmbH.
On 1 October 2013, the merger was completed of Prysmian
Cables and Systems B.V. into Prysmian Netherlands B.V.
On 1 October 2013, the merger was completed of Draka
Comteq Telecom B.V., Draka Comteq Data B.V. and Draka
Comteq Cable Solutions B.V. into Prysmian Netherlands B.V.
On 1 December 2013, the merger was completed of Prysmian
Cable Holding B.V. into Draka Holding N.V..
Liquidations
On 22 April 2013, the process of winding up Draka Cableteq
Australia PTY Ltd was completed with the company’s removal
from the local company registry.
On 20 November 2013, the process of winding up Prysmian
Servicios de Tesorería España S.l. was completed with the
company’s removal from the local company registry.
Ravin Cables Limited
At the beginning of 2010 the Prysmian Group acquired a
51% interest in the Indian company Ravin Cables Limited.
During the first few months of 2012 relations with the
minority shareholders deteriorated significantly and, in
these circumstances, Prysmian also initiated arbitration
proceedings at the London Court of International Arbitration
(LCIA). In December 2013, the arbitration court made a partial
award that recognises the right of Prysmian to buy the shares
held by the company’s minority shareholders; the arbitration
proceedings are still in progress as regards matters concerning
the valuation of these shares. Since the second quarter of
2012, it has been impossible for Prysmian to be able to obtain
reliable, updated financial information about the Indian
company. In view of the continuation of this situation, the
Group has acknowledged that it has lost control of Ravin
Cables Limited and has therefore deconsolidated it, along
with its subsidiary Power Plus Cable Co. LLC, recording it as an
investment at the net book value of the assets and liabilities
last consolidated. Attention is drawn to the fact that Ravin
Cables Limited and its subsidiary Power Plus Cable Co. LLC
were consolidated line-by-line up until 31 March 2012.
Appendix A to these notes contains a list of the companies
included in the scope of consolidation at 31 December 2013.
