[4] Acquisitions and divestments, as well as assets held for sale and disposal groups Audited

No acquisitions or divestments were made in fiscal 2013.

With respect to acquisitions made in 2012, no subsequent purchase price allocation adjustments occurred.

On December 20, 2013, Merck published an offer to acquire the entire share capital of AZ Electronic Materials S.A., Luxembourg, (AZ), by way of a cash payment. Among other things, the successful completion of the transaction is subject to antitrust clearances as well as the achievement of a minimum acceptance level of 95% of the share capital. The expected purchase price payment is being reported under other financial obligations (see Note [61]).

On January 8, 2014, Merck announced its intention to sell the Discovery and Development Solutions business field of the Merck Millipore division to Eurofins Scientific S.A., Luxembourg. The amount of the assets to be sold were shown as a disposal group and include property, plant and equipment in the amount of € 3.7 million, inventories in the amount of € 1.8 million and goodwill allocated to the business field in the amount of € 16.2 million. The transaction is expected to be concluded in the first quarter of 2014.

On December 13, 2013, Merck signed a contract with Theratechnologies Inc., Canada, regarding the termination of the research and development cooperation and the sale of the marketing rights to Egrifta® (tesamorelin for injection) in the United States. The transfer of the assets assigned to the Merck Serono division is effective as of March 3, 2014. In the consolidated balance sheet as of December 31, 2013, an intangible asset in the amount of € 5.4 million relating to this transfer was presented under the balance sheet item “assets held for sale”.