2019 Universal registration document and annual financial report - BNP PARIBAS 241
4Consolidated finanCial statements for the year ended 31 deCemBer 2019
4
Notes to the financial statements
➤ INTERNAL RESTRUCTURING THAT LED TO A CHANGE IN MINORITY SHAREHOLDERS INTEREST IN THE EQUITY OF SUBSIDIARIES
No significant internal restructuring operation occurred in 2019, nor in 2018.
➤ ACQUISITIONS OF ADDITIONAL INTERESTS AND PARTIAL SALES OF INTERESTS LEADING TO CHANGES IN MINORITY INTERESTS IN THE EQUITY OF SUBSIDIARIES
In millions of euros
Year to 31 Dec. 2019 Year to 31 Dec. 2018
Attributable to shareholders Minority interests
Attributable to shareholders Minority interests
BNP Paribas 3 Step IT (ex Arius)
Partial disposal, reducing the Group s share to 51% 16 4
Bank BGZ BNP Paribas
Dillutive capital increase, reducing the Group s share to 88.75% (3) 102
Cardif Lux Vie
Additional acquisition of 33.3% of the shares of Cardif Lux Vie (55) (97)
Cardif Life Insurance Japan
Sale of 25% of the shares of Cardif Life Insurance Japan in the framework of entities restructuring in Japan 2 (2) 17 76
Austin Finance
Accretive capital decrease, bringing the Group s share to 100% (82)
First Hawaiian Inc (note 8.c)
On 8 May 2018, third offer on First Hawaiian Inc for 12.1% of its capital, at a 28.35-dollar price per share, and a capital decrease of 1.1%. 85 315
Cardif IARD
Dilutive capital increase, which reduced the Group s interest to 66% 30 20
Other (1) (3) (8)
TOTAL 18 1 71 326
Commitments to repurchase minority shareholders interests
In connection with the acquisition of certain entities, the Group granted minority shareholders put options on their holdings.
The total value of these commitments, which are recorded as a reduction in shareholders equity, amounts to EUR 556 million at 31 December 2019, compared with EUR 540 million at 31 December 2018.
