The Repower Group signed an agreement to sell part of the SEI S.p.A. project company and to classify it as held-for-sale. Under IFRS 5, assets and liabilities (disposal group) held for sale are measured at the lower of the carrying amount and fair value less costs to sell.

With respect to investments in coal-fired power plant companies, Repower is adhering to the general strategic direction formulated by the government of the Canton of Graubünden, the majority shareholder, in 2013. Repower will withdraw from the Saline Joniche project on a controlled basis by the end of 2015 at the latest, while complying with the contractual obligations that are in place.

No increase or decrease in the assets of the disposal group was made.

In view of the assets and liabilities to be transferred until the transaction is completed, the values listed in the following table as at 30 June are provisional only:

The disposal group belongs to the Market Italy business segment.