2012 Half year financial report

In accordance with Consob resolution no. 11971 dated 14 May 1999, and subsequent amendments (article 126 of the Regulation), the list of the Group’s companies and major investments is provided below. The list presents the companies divided by type of control and method of consolidation.

The following are also shown for each company: the company name, the registered office, the country of origin and the share capital in the original currency, in addition to the percentage held by Piaggio & C. S.p.A. or by other subsidiaries.

In a separate column there is an indication of the percentage of voting rights at the ordinary general meeting should it be different from the equity investment percentage in the share capital.

Company name
Registered
office
Country
Share capital
Currency % Group
ownership
Held by % % votes









Parent company







Piaggio & C. S.p.A. Pontedera (Pisa) Italy 205,941,272.16 euro


 









Subsidiaries







Aprilia Racing S.r.l. Pontedera (Pisa) Italy 250,000.00 euro 100% Piaggio & C. S.p.A. 100%  
Aprilia World Service B.V. Amsterdam Holland 30,000,000 auth.
capital (6,657,500
subscribed and paid
up)
euro 100% Piaggio & C. S.p.A. 100%  
Atlantic 12 – Fondo Comune di Investimento Immobiliare Milan Italy 12,101,975.00 euro 100% Piaggio & C. S.p.A. 100%
Derbi Racing S.L. Barcelona Spain 3,006.00 euro 100% Nacional Motor S.A. 100%  
Foshan Piaggio Vehicles Tecnology Research and Development Co Ltd Foshan City China 10,500,000.00 rmb 100% Piaggio Vespa B.V. 100%
Nacional Motor S.A. Barcelona Spain 1,588.422.00 euro 100% Piaggio & C. S.p.A. 100%  
P & D S.p.A. * Pontedera (Pisa) Italy 416,000.00 euro 100% Piaggio & C. S.p.A. 100%  
Piaggio Asia Pacific PTE Ltd.
Singapore 100,000.00 sin$  100% Piaggio Vespa B.V. 100%  
Piaggio Deutschland Gmbh Kerpen Germany 250,000.00 euro 100% Piaggio Vespa B.V. 100%  
Piaggio Espana S.L.U. Alcobendas Spain 426.642.00 euro 100% Piaggio & C. S.p.A. 100%
Piaggio France S.A.S. Clichy Cedex France 1,209,900.00 euro 100% Piaggio Vespa B.V. 100%
Piaggio Group Americas Inc New York USA 2,000.00 USD 100% Piaggio Vespa B.V. 100%
Piaggio Group Canada Inc Toronto Canada 10,000.00 CAD 100% Piaggio Group Americas Inc 100%
Piaggio Group Japan Tokyo Japan 99,000,000.00 yen 100% Piaggio Vespa B.V 100%
* Company in liquidation


Company name
Registered
office
Country
Share capital
Currency
% Group
ownership
Held by
% % votes
Subsidiaries








Piaggio Hellas S.A. Athens Greece 2,704,040.00 euro 100% Piaggio Vespa B.V. 100%  
Piaggio Hrvatska D.o.o. Split Croatia 400,000.00 kuna 75% Piaggio Vespa B.V. 75%  
Piaggio Limited Bromley Kent United Kingdom 250,000.00 gbp 100% Piaggio Vespa B.V.

Piaggio & C. S.p.A.
99.9996%



0,0004%
 
Piaggio Vehicles Private Limited Maharashtra India 340,000,000.00 rupees 100% Piaggio & C. S.p.A.

Piaggio Vespa B.V.
99.999997%


0.000003%
 
Piaggio Vespa B.V. Breda Holland 91,000.00 euro 100% Piaggio & C. S.p.A. 100%  
Piaggio Vietnam Co Ltd Hanoi Vietnam 64,751,000,000.00 Dong 100% Piaggio & C. S.p.A.

Piaggio Vespa B.V.
63.5%

36.5%

PT Piaggio Indonesia Jakarta Indonesia 4,458,500,000.00 Rupiah 100% Piaggio & C. S.p.A.

Piaggio Vespa B.V.
1%

99%
 
* Company in liquidation
     

List of companies included in the scope of consolidation with the equity method as of 30 June 2012.

 

Company name Registered
office
Country Share capital Currency % Group
ownership
Held by % % di voto
  
Aprilia Brasil Industria de Motociclos S.A. Manaus Brazil 2,020,000.00 reais 51% Aprilia World Service Holding do Brasil Ltda 51%  
Aprilia World Service Holding do Brasil Ltda. São Paulo Brazil 2,028,780.00 reais 99,99995% Piaggio Group Americas Inc 99.99995%  
Piaggio China Co. LTD Hong Kong China 12,500,000 auth.
capital (12,100,000
subscribed and
paid up)
USD 99,99999% Piaggio & C. S.p.A. 99,99999%  
Zongshen Piaggio Foshan Motorcycle Co. LTD. Foshan City China 29,800,000.00 USD 45% Piaggio & C. S.p.A.

Piaggio China Co. LTD
32.5%

12.5%
 
                                 

List of other significant investments as of 30 June 2012.

   

Company name Registered
office
Country Share
capital
Currancy % Group
ownership
Held by % % votes
                 
Depuradora D’Aigues de Martorelles Soc. Coop. Catalana Limitada Barcelona Spain 60,101.21 euro 22% Nacional Motor S.A. 22%  
Immsi Audit S.c.a.r.l. Mantua Italy 40,000.00 euro 25% Piaggio & C. S.p.A. 25%  
Mitsuba Italia S.p.A. Pontedera (Pisa) Italy 1,000,000.00 euro 10% Piaggio & C. S.p.A. 10%  
Pont - Tech , Pontedera & Tecnologia S.c.r.l. Pontedera (Pisa) Italy 884,160.00 euro 20.44% Piaggio & C. S.p.A. 20.44%  
S.A.T. Societé d'Automobiles et Triporteurs S.A. Tunis Tunisia 210,000.00 TND  20% Piaggio Vespa B.V. 20%