26. Noncontrolling interest

NONCONTROLLING INTEREST SUBJECT TO PUT PROVISIONS

The Fresenius Group has potential obligations to purchase the noncontrolling interests held by third parties in certain of its consolidated subsidiaries. These obligations are in the form of put provisions and are exercisable at the third-party owners’ discretion within specified periods as outlined in each specific put provision. If these put provisions were exercised, the Fresenius Group would be required to purchase all or part of third-party owners’ noncontrolling interests at the appraised fair value.

As of December 31, 2010 and 2009 the Fresenius Group’s potential obligations under these put options were €209 million and €161 million, respectively, of which, at December 31, 2010, €71 million were exercisable.

NONCONTROLLING INTEREST NOT SUBJECT TO PUT PROVISIONS

As of December 31, noncontrolling interest not subject to put provisions in the Group was as follows:

€ in millions 2010 2009
Noncontrolling interest not subject to put provisions in Fresenius Medical Care AG & Co. KGaA 3,574 2,985
Noncontrolling interest not subject to put provisions in HELIOS Kliniken GmbH 4 4
Noncontrolling interest not subject to put provisions in VAMED AG 23 33
Noncontrolling interest not subject to put provisions in the business segments    
Fresenius Medical Care 110 85
Fresenius Kabi 46 37
Fresenius Helios 119 110
Fresenius Vamed 3 3
Total noncontrolling interest not subject to put provisions 3,879 3,257

€ in millions 2010 2009
Noncontrolling interest not subject to put provisions in Fresenius Medical Care AG & Co. KGaA 3,574 2,985
Noncontrolling interest not subject to put provisions in HELIOS Kliniken GmbH 4 4
Noncontrolling interest not subject to put provisions in VAMED AG 23 33
Noncontrolling interest not subject to put provisions in the business segments    
Fresenius Medical Care 110 85
Fresenius Kabi 46 37
Fresenius Helios 119 110
Fresenius Vamed 3 3
Total noncontrolling interest not subject to put provisions 3,879 3,257

In 2010, noncontrolling interest not subject to put provisions increased by €622 million to €3,879 million. The change resulted from the noncontrolling interest not subject to put provisions in profit of €561 million, less dividend payments of €172 million as well as noncontrolling interest not subject to put provisions in stock options, currency effects and first-time consolidations in a total amount of €233 million.

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