Econocom - 2020 annual report
02 group overview
additional information
In 2019 7.2. OTHER INTERESTS ACQUIRED AND INVESTMENTS
In September 2020, Econocom acquired the entire share capital of the French company Les Abeilles, the French specialist in towing and rescuing in high seas. OTHER INTERESTS ACQUIRED AND INVESTMENTS During the year, Econocom bought out certain non-controlling interests in its subsidiaries: Altabox: Econocom group increased its stake in the company through the acquisition of the shares from a minority shareholder, thus increasing its stake to 80%. Bizmatica: Econocom acquired the minority stake through the exercise of its options, raising its interest to 100%. Asystel Italia: Econocom group acquired the shares of a minority shareholder, increasing its stake in the company to 70%. EnergyNet: at end-2020 the Group exercised part of its options on the remainder of the company’sshare capital, raising its interest to 100%. any possible reimbursements) deemed likely for all types of claims and litigation to which the Group may be party as a result of conducting its business. Major contracts 8.2. In the course of its operations, the Group signssubstantialcontractswith its customers, suppliers,fundersandotherpartners,someof which are binding for several years. The importance of these parties is outlined in chapter 4,section 3, “DependencyRisks”.
Synertrade: the Group acquired the minority stake (10%) in July 2019, thus raising its stake to 100%. Gigigo: Econocom group SE acquired all the non-controlling interests (30%) in July 2019. Infeeny: during the first half, Econocom group SE acquired 9.66% of the company’s share capital. JTRS: Econocom group increased its stake in the company through the acquisition of shares from a minority shareholder (5%). Altabox:at end-2019the Groupexercisedpart of its options on 15% of the company’s share capital,raisingits interest to85%. In 2020 7.3. The deals carried out in 2020 are as follows: acquisitions in the Technology • Management and Financing activity
Additional information 8. Legal and arbitration 8.1. proceedings Governmental, legal or arbitration
proceedings against the Group, pending or threatened, are subject to provisions established in accordancewith IAS37, taking into account all available relevant information on suchproceedings. The total consolidated amount of provisions for all of the Group’s disputes (see note 16 to the consolidated financial statements) includes all outflows of resources (excluding
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2020 annual report
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