in EUR m | 2025 | 2024 | 2023 |
Assets held for sale | - | 2.3 | - |
Balance at December 31 | - | 2.3 | - |
In 2025, the Group completed the disposal of its 29.0% interest in Shanghai Airport China Aviation Gate Gourmet Air Catering Co. Ltd., which had been classified as assets held for sale at the end of 2024. The transaction resulted in cash proceeds of EUR 2.3m received during the year. In 2024, the investment had been reclassified from associates to assets held for sale following the signing of a sale agreement before year-end. The remeasurement to fair value less costs to sell of EUR 2.3m resulted in a loss of EUR 0.7m, which was recognized in other gains and losses (Note 2.5).