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Net debt before the acquisition of Maxit stands at €9,928 million at December 31, 2007, down 14.4%
on end-2006 (€11,599 million) and 17.3% on June 30, 2007. At end-December 2007, 88% of the
Group’s debt was at fixed rates, and had an average maturity of five years. Net debt represents 65% of
consolidated shareholders’ equity, compared with 80% at December 31, 2006. |
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