v3.26.1
Business combinations (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about business combination [abstract]  
Summary of detailed information about business combination
Details of the purchase consideration, as well as the provisional amounts of the net assets acquired, and goodwill arising are as follows:
 
Purchase consideration
  
€ million
   
Cash paid*
      2,223  
Contingent value rights*
      737  
Settlement of
pre-existing
relationship*
      32  
Cash-flow hedge (Note 24)
      17  
  
 
 
  
Total consideration
   
 
3,009
 
  
 
 
  
 
*
At the transaction exchange rate of USD 1.1602
Summary of assets and liabilities recognised as of the acquisition
Provisional fair values of the assets and liabilities recognized as a result of the acquisition, translated from USD to EUR at the transaction rate of USD 1.1602, are as follows:
 
 
  
Note
 
  
€million
 
Property, plant and equipment
  
 
15
 
  
 
2,880
 
Assets in the course of construction
  
 
16
 
  
 
829
 
Intangible assets
  
 
17
 
  
 
460
 
Other financial assets non-current
  
 
18
 
  
 
154
 
Investments accounted for using equity method
  
 
19
 
  
 
72
 
Lease receivable non-current
  
 
36
 
  
 
12
 
Prepayments non-current
  
  
 
13
 
Trade and other receivables non-current
  
  
 
31
 
Deferred customer contract costs non-current
  
  
 
21
 
Income tax receivable non-current
  
  
 
46
 
Inventories
  
 
20
 
  
 
164
 
Trade and other receivables
  
  
 
392
 
Deferred customer contract costs current
  
  
 
7
 
Prepayments current
  
  
 
71
 
Income tax receivable
  
  
 
30
 
Cash and cash equivalents
  
  
 
769
 
Other financial assets current
  
  
 
7
 
Borrowings non-current
  
 
29
 
  
 
(2,631
) 
Provisions non-current
  
 
30
 
  
 
(50
) 
Deferred income non-current
  
 
21
 
  
 
(322
) 
Deferred tax liabilities
  
 
11
 
  
 
(216
) 
Other long-term liabilities
  
  
 
(20
) 
Lease liabilities non-current
  
 
37
 
  
 
(560
) 
Employee benefit obligation non-current
  
 
33
 
  
 
(31
) 
Fixed assets suppliers non-current
  
  
 
(59
) 
Accrued interest on borrowings
  
  
 
(57
) 
Provisions current
  
 
30
 
  
 
(24
) 
Deferred income current
  
 
21
 
  
 
(130
) 
Trade and other payables
  
  
 
(427
) 
Lease liabilities current
  
 
37
 
  
 
(61
) 
Employee benefit obligation
  
 
33
 
  
 
(1
) 
Fixed assets suppliers current
  
  
 
(22
) 
Income tax liabilities
  
  
 
(12
) 
Net identifiable assets acquired
  
  
 
1,335
 
Less: Non-controlling interests
  
  
 
(26
) 
Add: Goodwill* (Note 17)
  
 
17
 
  
 
1,700
 
  
  
 
 
 
Net assets acquired
  
  
 
3,009
 

*
Non-deductible
for tax purpose.
Summary of purchase consideration cash outflow
Purchase consideration - cash outflow
  
€ million
  
 
EUR
 
Cash paid
      2,223  
Less
         
Balance acquired: Cash and cash equivalents
      (769 )
 
  
 
 
  
Net outflow of cash – investing activities
   
 
1,454