29. Non-current assets held for sale
Within the Americas segment, the sale of land, including office and production building, with a subsequent lease agreement for parts of the sold asset (sale and leaseback) was signed in June 2021. The sale is due to the relocation of production from the Auburn Hills site to another location. The purchase has not yet been legally and economically completed as of December 31st, 2021.The agreed purchase price amounts to USD 10.4 million (EUR 9.2 million). The sale is expected to be completed in the first quarter 2022. The assets concerned were reclassified within the balance sheet to the item ‘assets held for sale’ since June 30, 2021. Accordingly, scheduled depreciation on these assets was discontinued. The fair value resulting from the purchase agreement exceeds the net asset value of EUR 6,043 thousand at the time of reclassification.
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.