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Our approach is to build a geospatial-intelligence knowledge base, or GKB as we call it, populate it, and make it available to users at whatever security level they need it. This credit risk will be partially alleviated by a transfer of liquid assets of approximately EUR 120 million (USD 160 million), of which EUR 25 million (USD 33 million) will be paid at year-end 2004 from GKB, subject to the regulatory approval, which the company expects to receive in the first half of 2005. 5% stake in GKB in exchange for a similar participation in Gerling NCM Kreditversicherung. |
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