✓ audited

11 – Minority interests

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Million €

2012

2011

Minority interests in profits

381

420

Minority interests in losses

(38)

(5)

 

343

415

Lower minority interests in profits arose in particular at BASF PETRONAS Chemicals Sdn. Bhd., Malaysia. After a positive earnings contribution in the previous year from BASF TOTAL Petrochemicals LLC in Port Arthur, Texas, scheduled maintenance measures and unscheduled shutdowns of the steam cracker led to minority interests in losses in 2012. Higher minority interests in profits resulted primarily from natural gas trading companies as well as from Gazprom’s stake in the German Wintershall subsidiary that holds production and exploration rights in Libya.