2018 Registration document and annual fi nancial report - BNP PARIBAS 253
4CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
4
Notes to the fi nancial statements
➤ INTERNAL RESTRUCTURING THAT LED TO A CHANGE IN MINORITY SHAREHOLDERS INTEREST IN THE EQUITY OF SUBSIDIARIES
No signifi cant internal restructuring operation occurred during the year ended 31 December 2018, nor during the year ended 31 December 2017.
➤ 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. 2018 Year to 31 Dec. 2017
Attributable to shareholders Minority interests
Attributable to shareholders Minority interests
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 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
On 6 February 2017, second offer on First Hawaiian Inc. for 20.6% of its capital at a 32-dollar price per share. 250 588
Cardif IARD
Dilutive capital increase, which reduced the Group s interest to 66% 30 20
Dillutive capital increase, reducing the Group interest percentage to 83.26%. 27 5
Financière des Paiements Électroniques
Additional acquisition, increasing the Group interest percentage to 95%. (10) 3
Commerz Finanz GmbH
Sale of 50.1% of the banking activity to Commerz Bank and simultaneous acquisition of 49.9% of the credit activity. (18) (488)
Other (3) (8) 4 7
TOTAL 71 326 253 115
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 540 million at 31 December 2018, compared with EUR 522 million at 1er January 2018.
