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Annual Report 2025

29. Receivables from related parties

Receivables from HGV include € 15,500 thousand (previous year: € 54,800 thousand) from existing cash clearing, as well as € 23,361 thousand (previous year: € 23,361 thousand) in reimbursement claims arising from the business combination agreement concluded in connection with the MSC transaction in the 2024 financial year, see Note 37.

The increase in receivables from MSC results from the expansion of the business relationship in comparison to the previous year.

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