Consolidated Group, Acquisitions, and Divestments

Consolidated Group

In addition to Beiersdorf AG, the consolidated financial statements include 20 German and 144 international companies whose financial and business policies Beiersdorf AG is able to control either directly or indirectly, and from whose activities it can derive economic benefits.

In the year under review, the BODE Group was sold, two companies were newly established, and one company was acquired. Please refer to the sections entitled „Significant Acquisitions“ and „Significant Divestments“. Except for as described there, there was no material effect on the net assets, financial position, and results of operations.

The significant subsidiaries included in the consolidated financial statements are listed below. A complete list of Beiersdorf AG’s shareholdings is issued separately. 

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