Share capital amounts to Euros 1,555,934 thousand at December 31, 2007 and consists of 5,233,142,003 ordinary shares and 134,764,429 savings shares, all with a par value of Euros 0.29 per share and normal dividend rights.
On December 12, 2007, the special shareholders’ meeting approved the reduction of share capital from Euros 2,789,950 thousand to Euros 1,555,934 thousand by reducing the par value of the ordinary and savings shares from Euros 0.52 to Euros 0.29 for each share and proportionally reimbursing the ordinary and savings shareholders a total amount of Euros 826,254 thousand, equal to Euros 0.154 for each ordinary or savings share, and appropriating Euros 407,762 thousand to the available reserve (share premium reserve).
The minority interest in equity went from Euros 806,966 thousand at December 31, 2006 to Euros 823,840 thousand at December 31, 2007. The change is mainly due to the balance between the income for 2007, the distribution of income for the prior year and the impact of the translation of foreign currency financial statements to Euros.
The major percentages of investments held by minority interests are as follows: