Chrysler 2007 Annual Report Download - page 201

The consideration received for these sales of consolidated subsidiaries and the related net cash inflows are as follows:
Total sales of of which
consolidated
(in millions of euros) subsidiaries Ingest Meridian Fiat India
Consideration received:
- Consideration due 158 50 63 37
- Less: Deferred sales proceeds, net (3) – – (3)
Total Consideration received 155 50 63 34
Net cash inflows on disposals:
- Consideration received 155 50 63 34
- Less: Cash and cash equivalents disposed of (15) (1) (8) (6)
Total Net cash inflows on disposals 140 49 55 28
- Reimbursement of loans extended by the Group’s centralised cash management 9 – 9 –
Total Net cash inflows generated 149 49 64 28
For the sake of completeness details of the consideration received for the sales of other investments and the related net cash
inflows are provided as follows:
(in millions of euros) Total sales of other investments of which Mediobanca
Total Consideration received 251 225
Total Net cash inflows generated 251 225
The Group disposed of the following businesses in 2006:
■The procedure for the sale of the subsidiary Atlanet S.p.A. to the British Telecom group was for the most part finalised in the first
quarter of 2006 on receiving the approval of the Italian Guarantor Authority for Competition and the Market; the transaction was
finally concluded with the sale of the Polish and Brazilian business in the second half of the year.
■Fiat sold its investment in Sestrieres S.p.A. to Via Lattea S.p.A. on June 29, 2006.
■On August 30, 2006, Teksid S.p.A. sold its holding in Société Bretonne de Fonderie et Mecanique.
■On August 31, 2006, Fiat sold its holding in Banca Unione di Credito (B.U.C.) to BSI (a company of the Generali group).
■The subsidiary Comau Pico sold its Autodie business to Mbtech Stuttgart on November 10, 2006.
■On December 28, 2006, Fiat Group Automobiles and Crédit Agricole finalised the formation of the 50/50 joint venture FAFS.
Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes200