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Investments and acquisitions

In addition to innovations, investments and acquisitions will make a decisive contribution toward achieving our ambitious growth goals. We plan to intensify our capital expenditures in emerging markets. This organic growth will be complemented by targeted acquisitions.

From 2011 to 2020, we plan capital expenditures of €30 billion to €35 billion. More than a third of this amount will be invested in emerging markets in order to expand our local presence and benefit from the robust growth in these regions. Furthermore, we continue to develop our portfolio through acquisitions that promise above-average profitable growth and are innovation-driven. Both investments as well as acquisitions are prepared by interdisciplinary teams and are assessed using various criteria. In this way, we ensure that ecological and social matters are also included in decision-making in addition to strategic and economic considerations. We also continuously improve the energy efficiency of our production processes by investing in our plants.

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Investments and acquisitions 2012 (million €)

 

Investments

Acquisitions

Total

Intangible assets

109

1,073

1,182

Thereof goodwill

586

586

Property, plant and equipment

4,109

106

4,215

Total

4,218

1,179

5,397