Econocom - 2019 Universal registration document

66 2019 annual report 02 group overview additional information In 2019 7.3. OTHER INTERESTS ACQUIRED AND ژ INVESTMENTS Synertrade: the Group through its subsidiary Digital Dimension, acquired the minority stake (10%) in July ژ 2019, thus raising its stake to 100%. Gigigo: Econocom group SE acquired all the non-controlling interests (30%) in July ژ 2019. Infeeny: during the first half, Econocom group SE acquired 9.66% of the company’s capital. JTRS: Econocom group increased its stake in the company through the acquisition of shares from a minority shareholder (5%). Altabox: at end-2019 the Group exercised part of its options on 15% of the company’s capital, raising its interest to 85% Additional information 8. Legal and arbitration 8.1. proceedings Governmental, legal or arbitration proceedings against the Group, pending or threatened, are subject to provisions established in accordance with IAS ژ 37, taking into account all available relevant information on such proceedings. which the Group may be party as a result of conducting its business. This amount was increased owing to a commercial dispute which could represent a counterparty risk for the Group. The total consolidated amount of provisions for all of the Group’s disputes (see note ژ 16 to the consolidated financial statements) includes all outflows of resources (excluding any possible reimbursements) deemed likely for all types of claims and litigation to Major contracts 8.2. In the course of its operations, the Group signs substantial contracts with its customers, suppliers, funders and other partners, some of which are binding for several years. The importance of these parties is outlined in chapter ژ 4, section ژ 3, “Dependency Risks”.