6. Result from investments

In 2012 the net gain, amounting to €107 million (a net gain of €131 million in 2011), consists mainly of the Group’s share of €94 million (€146 million in 2011) in the net profit or loss of investees accounted for using the equity method; the item also includes write-downs for impairment, reversals, accruals to provisions against investments and dividends.

In particular, in 2012, the item includes (amounts in € million): investments held by the EMEA region €160 million (€160 million in 2011), the investment in RCS MediaGroup in respect of the investee’s loss  -€68 million (-€2 million in 2011), investments held by the Components and Production System operating segment €2 million (-€15 million in 2011) and other investments €13 million (-€12 million in 2011).

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