Merchant banking assets valuation
Since the Group's reorganisation in June 2012, Paris Orléans holds close to 100% all Group's subsidiaries. The assets held by the Group in respect of its merchant banking activity are now disclosed in their entirety at their fair market value.
| In million of euros | 2012/03/31 | 2012/09/30 |
|---|---|---|
| Direct investments | 277.7 | 243.3 |
| External private equity funds | 55.5 | 55.7 |
| Group private equity funds | 151.1 | 146.0 |
| Total gross assets | 484.0 | 445.0 |
