Annual Report 2013

Acquisitions and divestments

Acquisitions and divestments

Effective January 10, 2013, we sold Chemofast Anchoring GmbH, Willich, Germany, for 26 million euros. As of December 31, 2012, the assets and liabilities of the company were reported as held for sale. The sale transaction included the transfer of 4 million euros in cash to the buyer.

On June 6, 2013, we spent 3 million euros acquiring the outstanding non-controlling interestsnon-controlling interests
Proportion of equity attributable to third parties in subsidiaries included within the scope of consolidation. Previously termed “minority interests.” Valued on a proportional net asset basis. A pro-rata portion of the net earnings of a corporation is due to shareholders owning non-controlling interests.
in Henkel Kenya Ltd., Nairobi, Kenya, increasing our shareholding from 80 percent to 100 percent.

Effective September 4, 2013, we completed an acquisition in the professional hair care segment in South Africa. The acquisition is aimed at further strengthening our presence in our emerging markets.

On December 11, 2013, we spent 66 million euros acquiring the outstanding non-controlling interestsnon-controlling interests
Proportion of equity attributable to third parties in subsidiaries included within the scope of consolidation. Previously termed “minority interests.” Valued on a proportional net asset basis. A pro-rata portion of the net earnings of a corporation is due to shareholders owning non-controlling interests.
in OOO Henkel Bautechnik, Moscow, Russia, increasing our shareholding from 66 percent to 100 percent. A performance-related component of the purchase price was also agreed.

Effective December 11, 2013, we completed the full acquisition of a production facility for hair styling products in Russia from Wellchem Holding GmbH, Austria. The purchase price paid was 27 million euros. The acquisition expands our production footprint in attractive emerging markets.

Additional disclosures relating to the acquisitions and divestments can be found on this page of the Notes.

Neither the acquisitions and divestments nor other measures undertaken resulted in any changes in our business and organizational structure. For detailed information on our organization and business activities, please refer to the disclosures on this page

Our long-term ratings remain at "A flat" (Standard & Poor's) and "A2" (Moody's). These are also our target ratings. Looking forward, we intend not to jeopardize them when assessing possible acquisitions.