We also substantially reduced our other corporate investments in the reporting year.
In August 2003, we finalized the divestment of our holding in the Gerling insurance group. In this connection, we took a 38.4% stake in Atradius B.V., a global credit insurer (formerly Gerling NCM). The main shareholder in Atradius B.V. is Swiss Re.
In the second half of 2003, we sold our 2.1% share in SES Global, a Luxembourg-based satellite operator and divested our entire 9.3% stake in the Greek EFG Eurobank Ergasias.