content_image/130825.jpg
## New acquisitions 

The principal first-time consolidated companies for the years 2003, 2002 and 2001 are listed in the following overview: 

<img src='content_image/130825.jpg'>

1) Consolidated in the business segments 2) 

On the date of first-time consolidation 

## New acquisitions 2003 

In the course of the year, no major subsidiaries were acquired or con- solidated for the first time. 

We acquired the following additional interests in already consolidated subsidiaries: 

_ On February 17, 2003, we increased our interest in Riunione Adri- atica di Sicurtà S.p.A., Milan, by 4.4 % to 55.5 % (acquisition cost for additional shares ¤810 mn). This transaction produced addi- tional goodwill amounting to ¤ 146 mn. 

_ On December 2, 2003, we increased our interest in Münchener und Magdeburger Agrarversicherung AG, Munich, by 6.1 % to 58.5 % (acquisition cost for additional shares ¤ 0.2 mn). 

_ In April 2003, July 2003 and October 2003, we increased our in- terest in PIMCO Advisors L.P., Delaware, by a total of 14.4 % to 83.9 % (acquisition cost for additional shares ¤ 640 mn). This trans- action produced additional goodwill amounting to ¤ 624 mn. 

