29. Non-current assets held for sale
Within the Americas segment, the sale of land, including office and production buildings, 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 31, 2021.The agreed purchase price amounts to EUR 9,823 thousand (USD 10,350 thousand). The sale is expected to be completed in the first quarter 2022. The assets concerned were reclassified to ‘assets held for sale’ in the Consolidated Statement of Financial Position as of June 30, 2021, and the scheduled depreciation on these assets was discontinued. The property was sold in the first quarter of fiscal year 2022. The purchase price amounted to EUR 9,823 thousand (USD 10,350 thousand) and the derecognized net asset value to EUR 6,043 thousand.
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.