2012 Registration document and annual financial report - BNP Paribas

CONSOLIDATED FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2012Notes to the financial statements48.c CHANGE IN THE GROUP’S INTEREST AND MINORITY INTERESTS IN THE CAPITAL ANDRETAINED EARNINGS OF SUBSIDIARIES➤ INTERNAL RESTRUCTURING THAT LED TO A CHANGE IN MINORITY SHAREHOLDERS’ INTEREST IN THE EQUITY OFSUBSIDIARIESIn millions of eurosAttributable toshareholders31 December 2012 31 December 2011Minority interestsAttributable toshareholdersMinority interestsDisposal of Fortis Bank SA b ranches' assets to BNPParibas SA branches on the same territory (7) 7 (37) 37Full disposal of Fortis Capital Corporation and itssubsidiaries to Banexi Holding Corp - - (30) 30Internal disposal of BNP Paribas Leasing Solutions fromBNP Paribas SA to BGL BNP Paribas 18 (18)Other (3) - (13) 13TOTAL 8 (11) (80) 80➤ ACQUISITIONS OF ADDITIONAL INTERESTS AND PARTIAL SALES OF INTERESTS LEADING TO CHANGES IN MINORITYINTERESTS IN THE EQUITY OF SUBSIDIARIES4In millions of eurosAttributable toshareholders31 December 2012 31 December 2011Minority interestsAttributable toshareholdersMinority interestsFauchier (24) (4)In 2010, then 2011, BNP Paribas Investment Partnersbought out minority shareholders interests representing12.5% of the capital, lifting its interest percentage to 100%Findomestic (291) (337)BNP Paribas Personal Finance bought out minorityshareholders interests representing 25% of the capital,lifting its interest percentage to 100%Restructuring in Turkey 23 (129)BNP Paribas restructured its activities in Turkeythen bought a 6% stake in TEB Bank from minorityshareholders, lifting its ownership to 56.99%(see note 8.d)Other (4) (7)TOTAL - (4) (292) (477)In connection with the acquisition of certain entities, the Group hasgranted minority shareholders put options on their holdings at apredetermined price.The total value of these obligations, which are recorded as a reduction inshareholders’ equity, amounted to EUR 133 million at 31 December 2012,compared with EUR 157 million at 31 December 2011.On 19 September 2012, Galeries Lafayette announced its intention toexercise its option to sell its interest in LaSer to BNP Paribas PersonalFinance, in accordance with the shareholders’ agreement entered intowith its co-shareholder. BNP Paribas took due note of this decision. Todate, neither the price nor the timing have been determined.2012 Registration document and annual financial report - BNP PARIBAS 195