12 – Minority interests

Million €

 

2016

2015

Minority interests in profits

 

229

343

Minority interests in losses

 

(30)

(29)

Total

 

199

314

In 2016, lower minority interests in profits in comparison with the previous year were mainly the result of the disposal of shares in companies active in the gas storage business in connection with the asset swap completed with Gazprom on September 30, 2015. Also responsible were decreased margins and lower sales volumes from the reduced capacity utilization of BASF TOTAL Petrochemicals LLC’s condensate splitter in Port Arthur, Texas.

Higher minority interests in profits compared with the previous year were predominantly attributable to W & G Transport Holding GmbH, Kassel, Germany, and Shanghai BASF Polyurethane Company Ltd., Shanghai, China.