5 _383 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE 2023 consolidated financial statements 4.2 Transactions in 2022 4.2.1 Royal Lestari Utama (RLU) The July 27, 2022 acquisition of RLU led to the recognition of provisional goodwill of €46 million. The final purchase price allocation resulted in the recognition of goodwill in the amount of €38 million, as shown in the following table: (in € millions) Net assets Fair value of consideration transferred 79 Fair value of net assets acquired (41) of which: value of land recognized in property, plant and equipment as part of the purchase price allocation (15) FINAL GOODWILL 38 4.2.2 Conveyor Products & Solutions The final purchase price allocation resulted in the recognition of goodwill in the amount of €26 million at December 31, 2023, as shown in the following table: (in € millions) Net assets Fair value of consideration transferred 50 Fair value of net assets acquired (24) of which: contractual customer relationships (23) of which: deferred tax liabilities 7 FINAL GOODWILL 26 Goodwill has been allocated in full to the Mining group of CGUs. In 2023, Conveyor Products & Solutions contributed €45 million to consolidated sales, €9 million to segment operating income and €4 million to net income.
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