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Scope of Consolidation

(51) Changes in the scope of consolidation

Accounting and measurement policies

Overall, the impact of subsidiaries not consolidated due to immateriality on net sales, profit after tax, assets, and equity was less than 1% relative to the entire Group. Investments held in non-consolidated subsidiaries were disclosed under non-current financial assets (see Note (36) “Other financial assets”).

The scope of consolidation changed as follows in the reporting period:

4.11 KBEXCEL
Consolidated subsidiaries as of Dec. 31, 2018 301
Additions Companies established 3
Acquisitions 42
Materiality 3
Disposals Liquidations/mergers -14
Divestments
Immateriality
Loss of control
Consolidated subsidiaries as of Dec. 31, 2019 335
Non-consolidated subsidiaries as of Dec. 31, 2018 44
Non-consolidated subsidiaries as of Dec. 31, 2019 33

The list of non-consolidated subsidiaries mainly comprises non-operating shelf companies as well as entities subject to liquidation procedures, which are subsequently measured at fair value through other comprehensive income.

The list of shareholdings presents all the companies included in the consolidated financial statements as well as all of the shareholdings of Merck KGaA, Darmstadt, Germany (see Note (52) “List of shareholdings”).

(52) List of shareholdings

The shareholdings of Merck KGaA, Darmstadt, Germany, as of December 31, 2019, are presented below, along with a list of the fair values for equity instruments subsequently measured at fair value through other comprehensive income.

27.88 KBEXCEL
 
         
Country Company Registered office Equity interest (%) thereof: ­
Merck KGaA, Darmstadt, Germany (%)
I. Fully consolidated companies
         
Germany        
Germany Merck KGaA, Darmstadt, Germany Darmstadt Parent company  
Germany AB Allgemeine Pensions GmbH & Co. KG Zossen 100.00 100.00
Germany Allergopharma GmbH & Co. KG A) Reinbek 100.00  
Germany Allergopharma Verwaltungs GmbH A) Darmstadt 100.00 100.00
Germany AZ Electronic Materials GmbH Darmstadt 100.00  
Germany Biochrom GmbH A) Berlin 100.00  
Germany BSSN Software GmbH Darmstadt 100.00  
Germany BSSN UG (haftungsbeschränkt) Darmstadt 100.00 100.00
Germany Chemitra GmbH A) Darmstadt 100.00 100.00
Germany Emedia Export Company mbH Gernsheim 100.00  
Germany Litec-LLL GmbH A) Greifswald 100.00 100.00
Germany Merck 12. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00 100.00
Germany Merck 13. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00  
Germany Merck 15. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00  
Germany Merck 16. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00  
Germany Merck 20. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00  
Germany Merck 21. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00  
Germany Merck 24. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00 100.00
Germany Merck Accounting Solutions & Services Europe GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Weiterstadt 100.00 100.00
Germany Merck Chemicals GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00  
Germany Merck China Chemicals Holding GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00  
Germany Merck Consumer Health Holding Germany GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00
Germany Merck Export GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00 100.00
Germany Merck Financial Services GmbH, a subsidiary of
Merck KGaA, Darmstadt, Germany
Darmstadt 100.00 100.00
Germany Merck Financial Trading GmbH, a subsidiary of
Merck KGaA, Darmstadt, Germany
Gernsheim 100.00  
Germany Merck Healthcare Holding GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00
Germany Merck Healthcare KGaA, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00  
Germany Merck Holding GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Gernsheim 100.00 100.00
Germany Merck International GmbH, a subsidiary of
Merck KGaA, Darmstadt, Germany
Darmstadt 100.00 100.00
Germany Merck Internationale Beteiligungen GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00  
Germany Merck Life Science Germany GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00  
Germany Merck Life Science GmbH, a subsidiary of
Merck KGaA, Darmstadt, Germany A)
Eppelheim 100.00 100.00
Germany Merck Life Science Holding GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00
Germany Merck Patent GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00  
Germany Merck Performance Materials Germany GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00  
Germany Merck Performance Materials GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Wiesbaden 100.00  
Germany Merck Performance Materials Holding GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00
Germany Merck Real Estate GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00 100.00
Germany Merck Schuchardt OHG, a subsidiary of Merck KGaA, Darmstadt, Germany Hohenbrunn 100.00 100.00
Germany Merck Serono GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany A) Darmstadt 100.00 100.00
Germany Merck Vierte Allgemeine Beteiligungsgesellschaft mbH, a subsidiary of Merck KGaA, Darmstadt, Germany Gernsheim 100.00  
Germany Merck Wohnungs- und Grundstücksverwaltungsgesellschaft mbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00
Germany Millipart GmbH Gernsheim 100.00  
Germany Sigma-Aldrich Biochemie GmbH Steinheim 100.00  
Germany Sigma-Aldrich Chemie GmbH Steinheim 100.00  
Germany Sigma-Aldrich Chemie Holding GmbH Taufkirchen 100.00  
Germany Sigma-Aldrich Grundstücks GmbH & Co. KG Steinheim 100.00  
Germany Sigma-Aldrich Logistik GmbH Steinheim 100.00  
Germany Sigma-Aldrich Produktions GmbH Steinheim 100.00  
Germany Sigma-Aldrich Verwaltungs GmbH Steinheim 100.00 100.00
Germany Versum Materials Germany GmbH Frankfurt am Main 100.00  
         
Other European countries        
Austria Allergopharma Vertriebsgesellschaft m.b.H. Vienna 100.00  
Austria Merck Chemicals and Life Science GesmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Vienna 100.00  
Austria Merck Gesellschaft mbH, a subsidiary of Merck KGaA, Darmstadt, Germany Vienna 100.00  
Austria Sigma-Aldrich Handels GmbH Vienna 100.00  
Belgium Merck Chemicals N.V./S.A., a subsidiary of
Merck KGaA, Darmstadt, Germany
Overijse 100.00  
Belgium Merck N.V.-S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Overijse 100.00  
Belgium Sigma-Aldrich BVBA/SPRL Overijse 100.00  
Bulgaria Merck Bulgaria EAD, a subsidiary of Merck KGaA, Darmstadt, Germany Sofia 100.00  
Croatia Merck d.o.o., a subsidiary of Merck KGaA, Darmstadt, Germany Zagreb 100.00  
Czech Republic Merck spol. s r.o., a subsidiary of Merck KGaA, Darmstadt, Germany Prague 100.00  
Czech Republic Sigma-Aldrich spol. s r.o. Prague 100.00  
Denmark Merck A/S, a subsidiary of Merck KGaA, Darmstadt, Germany Soborg 100.00  
Denmark Merck Life Science A/S, a subsidiary of Merck KGaA, Darmstadt, Germany Soborg 100.00  
Denmark Survac ApS Frederiksberg 100.00 100.00
Estonia Merck Serono OÜ, a subsidiary of Merck KGaA, Darmstadt, Germany Tallinn 100.00  
Finland Merck Life Science OY, a subsidiary of Merck KGaA, Darmstadt, Germany Espoo 100.00  
Finland Merck OY, a subsidiary of Merck KGaA, Darmstadt, Germany Espoo 100.00  
France Gonnon S.A.S. Lyon 100.00  
France Merck Biodevelopment S.A.S., a subsidiary of
Merck KGaA, Darmstadt, Germany
Lyon 100.00  
France Merck Chimie S.A.S., a subsidiary of Merck KGaA, Darmstadt, Germany Fontenay s/Bois 100.00  
France Merck Performance Materials S.A.S., a subsidiary of Merck KGaA, Darmstadt, Germany Trosly-Breuil 100.00  
France Merck S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Lyon 99.85  
France Merck Santé S.A.S., a subsidiary of Merck KGaA, Darmstadt, Germany Lyon 100.00  
France Merck Serono S.A.S., a subsidiary of Merck KGaA, Darmstadt, Germany Lyon 100.00  
France Millipore S.A.S. Molsheim 100.00  
France Sigma-Aldrich Chimie S.a.r.l. Saint Quentin Fallavier 100.00  
France Sigma-Aldrich Chimie SNC Saint Quentin Fallavier 100.00  
France Sigma-Aldrich Holding S.a.r.l. Saint Quentin Fallavier 100.00  
Greece Merck A.E., a subsidiary of Merck KGaA, Darmstadt, Germany Maroussi, Athens 100.00  
Hungary BSSN Software Kft. Budapest 100.00  
Hungary Merck Kft., a subsidiary of Merck KGaA, Darmstadt, Germany Budapest 100.00  
Hungary Sigma-Aldrich Kft. Budapest 100.00  
Ireland Merck Finance Limited, a subsidiary of Merck KGaA, Darmstadt, Germany Carrigtwohill 100.00  
Ireland Merck Millipore Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Carrigtwohill 100.00  
Ireland Merck Serono (Ireland) Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Dublin 100.00  
Ireland Millipore Cork Unlimited Company Carrigtwohill 100.00  
Ireland Shrawdine Limited Arklow 100.00  
Ireland Sigma-Aldrich Ireland Ltd. Arklow 100.00  
Ireland Silverberry Limited Arklow 100.00  
Ireland Versum Materials Ireland Limited Dublin 100.00  
Italy Allergopharma S.r.l. Rome 100.00  
Italy Istituto di Ricerche Biomediche Antoine Marxer RBM S.p.A. Colleretto Giacosa 100.00  
Italy Merck Life Science S.r.l., a subsidiary of Merck KGaA, Darmstadt, Germany Milan 100.00  
Italy Merck S.p.A., a subsidiary of Merck KGaA, Darmstadt, Germany Milan 100.00  
Italy Merck Serono S.p.A., a subsidiary of Merck KGaA, Darmstadt, Germany Rome 99.74  
Italy Versum Materials Italia S.r.l. Milan 100.00  
Latvia Merck Serono SIA, a subsidiary of Merck KGaA, Darmstadt, Germany Riga 100.00  
Lithuania Merck Serono, UAB, a subsidiary of Merck KGaA, Darmstadt, Germany Vilnius 100.00  
Luxembourg Mats Finance S.a.r.l. Luxembourg 100.00  
Luxembourg Merck Chemicals Holding S.a.r.l., a subsidiary of Merck KGaA, Darmstadt, Germany Luxembourg 100.00  
Luxembourg Merck Finance S.a.r.l., a subsidiary of Merck KGaA, Darmstadt, Germany Luxembourg 100.00  
Luxembourg Merck Finanz S.a.r.l., a subsidiary of Merck KGaA, Darmstadt, Germany Luxembourg 100.00  
Luxembourg Merck Holding S.a.r.l., a subsidiary of Merck KGaA, Darmstadt, Germany Luxembourg 100.00  
Luxembourg Merck Invest SCS, a subsidiary of Merck KGaA, Darmstadt, Germany Luxembourg 100.00  
Luxembourg Merck Re S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Luxembourg 100.00 100.00
Luxembourg Millipore International Holdings, S.a.r.l. Luxembourg 100.00  
Luxembourg Sigma-Aldrich Global S.a.r.l. Luxembourg 100.00  
Luxembourg Sigma-Aldrich S.a.r.l. Luxembourg 100.00  
Malta Merck Capital Holding Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Pietà 100.00  
Malta Merck Capital Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Pietà 100.00  
Netherlands Merck B.V., a subsidiary of Merck KGaA, Darmstadt, Germany Schiphol-Rijk 100.00  
Netherlands Merck Chemicals B.V., a subsidiary of Merck KGaA, Darmstadt, Germany Amsterdam Zuidoost 100.00  
Netherlands Merck Europe B.V., a subsidiary of Merck KGaA, Darmstadt, Germany Amsterdam 100.00  
Netherlands Merck Holding Netherlands B.V., a subsidiary of
Merck KGaA, Darmstadt, Germany
Schiphol-Rijk 100.00  
Netherlands Merck Ventures B.V., a subsidiary of Merck KGaA, Darmstadt, Germany Amsterdam 100.00  
Netherlands Merck Window Technologies B.V., a subsidiary of Merck KGaA, Darmstadt, Germany Veldhoven 100.00 100.00
Netherlands Serono Tri Holdings B.V. Schiphol-Rijk 100.00  
Netherlands Sigma-Aldrich B.V. Zwijndrecht 100.00  
Netherlands Sigma-Aldrich Chemie N.V. Zwijndrecht 100.00  
Netherlands Versum Materials Asia B.V. Utrecht 100.00  
Netherlands Versum Materials Holdings Nederland B.V. Utrecht 100.00  
Netherlands Versum Materials International B.V. Utrecht 100.00  
Netherlands Versum Materials Netherlands B.V. Utrecht 100.00  
Netherlands Versum Materials Netherlands International B.V. Utrecht 100.00  
Netherlands Versum Materials Pacific B.V. Utrecht 100.00  
Norway Merck Life Science AS, a subsidiary of Merck KGaA, Darmstadt, Germany Oslo 100.00  
Poland Merck Business Solutions Europe Sp.z.o.o., a subsidiary of Merck KGaA, Darmstadt, Germany Wroclaw 100.00  
Poland Merck Sp.z.o.o., a subsidiary of Merck KGaA, Darmstadt, Germany Warsaw 100.00  
Poland Sigma-Aldrich Sp.z.o.o. Poznan 100.00  
Portugal Laquifa Laboratorios S.A. Algés 100.00  
Portugal Merck, S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Algés 100.00  
Romania Merck Romania S.R.L., a subsidiary of Merck KGaA, Darmstadt, Germany Bucharest 100.00  
Russia Merck LLC, a subsidiary of Merck KGaA, Darmstadt, Germany Moscow 100.00  
Russia Sigma-Aldrich Rus LLC Moscow 100.00  
Serbia Merck d.o.o. Beograd, a subsidiary of Merck KGaA, Darmstadt, Germany Belgrade 100.00  
Slovakia Merck spol. s r.o., a subsidiary of Merck KGaA, Darmstadt, Germany Bratislava 100.00  
Slovakia Sigma-Aldrich, spol. s r.o. Bratislava 100.00  
Slovenia Merck d.o.o., a subsidiary of Merck KGaA, Darmstadt, Germany Ljubljana 100.00  
Spain Merck Chemicals and Life Science S.A.U., a subsidiary of Merck KGaA, Darmstadt, Germany Madrid 100.00  
Spain Merck Life Science S.L.U., a subsidiary of
Merck KGaA, Darmstadt, Germany
Madrid 100.00  
Spain Merck, S.L.U., a subsidiary of Merck KGaA, Darmstadt, Germany Madrid 100.00  
Sweden Merck AB, a subsidiary of Merck KGaA, Darmstadt, Germany Solna 100.00  
Sweden Merck Chemicals and Life Science AB, a subsidiary of Merck KGaA, Darmstadt, Germany Solna 100.00  
Sweden Sigma-Aldrich Sweden AB Stockholm 100.00  
Switzerland Allergopharma AG Therwil 100.00  
Switzerland Ares Trading SA Aubonne 100.00  
Switzerland Merck & Cie, a subsidiary of Merck KGaA, Darmstadt, Germany Altdorf 51.63 51.63
Switzerland Merck (Schweiz) AG, a subsidiary of Merck KGaA, Darmstadt, Germany Zug 100.00  
Switzerland Merck Performance Materials (Schweiz) AG, a subsidiary of Merck KGaA, Darmstadt, Germany Schaffhausen 100.00  
Switzerland Merck Serono SA, a subsidiary of Merck KGaA, Darmstadt, Germany Coinsins 100.00  
Switzerland SeroMer Holding SA Coinsins 100.00  
Switzerland Sigma-Aldrich (Switzerland) Holding AG Buchs 100.00  
Switzerland Sigma-Aldrich Chemie GmbH Buchs 100.00  
Switzerland Sigma-Aldrich International GmbH Buchs 100.00  
Switzerland Sigma-Aldrich Production GmbH Buchs 100.00  
Turkey Merck Ilac Ecza ve Kimya Ticaret AS, a subsidiary of Merck KGaA, Darmstadt, Germany Istanbul 100.00  
United Kingdom BioControl Systems Limited London 100.00  
United Kingdom BioReliance Limited Aberdeen 100.00  
United Kingdom BioReliance U.K. Acquisition Limited London 100.00  
United Kingdom Epichem Group Limited Gillingham 100.00  
United Kingdom Merck Chemicals Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Gillingham 100.00  
United Kingdom Merck Holding Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Feltham 100.00  
United Kingdom Merck Investments Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Feltham 100.00  
United Kingdom Merck Serono Europe Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Feltham 100.00  
United Kingdom Merck Serono Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Feltham 100.00  
United Kingdom Millipore (U.K.) Limited Feltham 100.00  
United Kingdom Millipore UK Holdings LLP Feltham 100.00  
United Kingdom SAFC Biosciences Limited Gillingham 100.00  
United Kingdom SAFC Hitech Limited Gillingham 100.00  
United Kingdom Sigma-Aldrich Company Limited Gillingham 100.00  
United Kingdom Sigma-Aldrich Financial Services Limited Gillingham 100.00  
United Kingdom Versum Materials UK Limited London 100.00  
         
North America        
Canada EMD Chemicals Canada Inc. Oakville 100.00  
Canada EMD Crop BioScience Canada Inc. Toronto 100.00  
Canada EMD Inc. Mississauga 100.00  
Canada Millipore (Canada) Ltd. Oakville 100.00  
Canada Natrix Separations, Inc. Burlington 100.00  
Canada Sigma-Aldrich Canada Co. Oakville 100.00  
United States Aldrich Chemical Co. LLC Milwaukee 100.00  
United States Aldrich Chemical Foreign Holding LLC St. Louis 100.00  
United States Aldrich-APL, LLC Urbana 100.00  
United States Allergopharma USA, Inc. Alexandria 100.00  
United States BioControl Systems, Inc. Wilmington 100.00  
United States BioReliance Corporation Rockville 100.00  
United States Cell Marque Corporation Rocklin 100.00  
United States Cerilliant Corporation Round Rock 100.00  
United States Dynaloy, LLC Wilmington 100.00  
United States Electron Transfer Technologies, Inc. West Trenton 100.00  
United States EMD Accounting Solutions & Services America, Inc. Rockland 100.00  
United States EMD Digital Inc. Burlington 100.00  
United States EMD Finance LLC Wilmington 100.00  
United States EMD Group Holding, Inc. Wilmington 100.00  
United States EMD Holding Corp. Rockland 100.00  
United States EMD Millipore Corporation Burlington 100.00  
United States EMD Performance Materials Corp. Philadelphia 100.00  
United States EMD Serono Holding, Inc. Rockland 100.00  
United States EMD Serono Research & Development Institute, Inc. Billerica 100.00  
United States EMD Serono, Inc. Rockland 100.00  
United States FloDesign Sonics, Inc. Wilbraham 100.00  
United States Grzybowski Scientific Inventions Ltd. Evanston 100.00  
United States Intermolecular, Inc. Wilmington 100.00  
United States J. C. Schumacher Company Los Angeles 100.00  
United States Millipore Asia Ltd. Wilmington 100.00  
United States Millipore UK Holdings I, LLC Wilmington 100.00  
United States Millipore UK Holdings II, LLC Wilmington 100.00  
United States Ormet Circuits, Inc. San Diego 100.00  
United States Research Organics, LLC Cleveland 100.00  
United States SAFC Biosciences, Inc. Lenexa 100.00  
United States SAFC Carlsbad, Inc. Carlsbad 100.00  
United States SAFC, Inc. Madison 100.00  
United States Serono Laboratories, Inc. Rockland 100.00  
United States Sigma Chemical Foreign Holding LLC St. Louis 100.00  
United States Sigma Redevelopment Corporation St. Louis 100.00  
United States Sigma-Aldrich Co. LLC St. Louis 100.00  
United States Sigma-Aldrich Corporation St. Louis 100.00  
United States Sigma-Aldrich Foreign Holding Co. St. Louis 100.00  
United States Sigma-Aldrich Manufacturing LLC St. Louis 100.00  
United States Sigma-Aldrich Missouri Insurance Company St. Louis 100.00  
United States Sigma-Aldrich Research Biochemicals, Inc. Natick 100.00  
United States Sigma-Aldrich RTC, Inc. Laramie 100.00  
United States Sigma-Aldrich, Inc. Milwaukee 100.00  
United States Sigma-Genosys of Texas LLC The Woodlands 100.00  
United States Supelco, Inc. Bellefonte 100.00  
United States Versum Materials Formulations and Technology, LLC Wilmington 100.00  
United States Versum Materials Manufacturing Company, LLC Wilmington 100.00  
United States Versum Materials Technology LLC Wilmington 100.00  
United States Versum Materials US International, Inc. Wilmington 100.00  
United States Versum Materials US LLC Wilmington 100.00  
United States Versum Materials, Inc. Wilmington 100.00  
         
Asia-Pacific (APAC)        
Australia Merck Healthcare Pty. Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Macquarie Park 100.00  
Australia Merck Pty. Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Bayswater 100.00  
Australia Proligo Australia Pty. Ltd. Macquarie Park 100.00  
Australia SAFC Biosciences Pty. Ltd. Macquarie Park 100.00  
Australia Sigma-Aldrich Oceania Pty. Ltd. Macquarie Park 100.00  
Australia Sigma-Aldrich Pty. Ltd. Macquarie Park 100.00  
China Beijing Skywing Technology Co., Ltd. Beijing 100.00  
China Merck Chemicals (Shanghai) Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Shanghai 100.00  
China Merck Display Materials (Shanghai) Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Shanghai 100.00  
China Merck Electronic Materials (Suzhou) Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Suzhou 100.00  
China Merck Holding (China) Co., Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Shanghai 100.00  
China Merck Innovation Hub (Guangdong) Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Guangzhou 100.00  
China Merck Life Science Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Hong Kong 100.00  
China Merck Life Science Technologies (Nantong) Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Nantong 100.00  
China Merck Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Hong Kong 100.00  
China Merck Management Consulting (Shanghai) Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Shanghai 100.00  
China Merck Performance Materials Hong Kong Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Hong Kong 100.00  
China Merck Pharmaceutical (HK) Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Hong Kong 100.00  
China Merck Pharmaceutical Distribution (Jiangsu) Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Nantong 100.00  
China Merck Pharmaceutical Manufacturing (Jiangsu) Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Nantong 100.00  
China Merck Serono (Beijing) Pharmaceutical Distribution Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Beijing 100.00  
China Merck Serono (Beijing) Pharmaceutical R&D Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Beijing 100.00  
China Merck Serono Co., Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Beijing 100.00  
China SAFC Hitech (Shanghai) Co., Ltd. Shanghai 100.00  
China Sigma-Aldrich (Shanghai) Trading Co., Ltd. Shanghai 100.00  
China Sigma-Aldrich (Wuxi) Life Science & Technology Co., Ltd. Wuxi 100.00  
China Versum Materials (Dalian) Co., Ltd. Dalian 100.00  
China Versum Materials (Shanghai) Co., Ltd. Shanghai 100.00  
India Merck Life Science Pvt. Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Mumbai 100.00  
India Merck Performance Materials Pvt. Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Mumbai 100.00  
India Merck Specialities Pvt. Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Mumbai 100.00  
India Sigma-Aldrich Chemicals Private Limited Bangalore 100.00  
Indonesia P.T. Merck Chemicals and Life Sciences, a subsidiary of Merck KGaA, Darmstadt, Germany Jakarta 100.00  
Indonesia P.T. Merck Tbk., a subsidiary of Merck KGaA, Darmstadt, Germany Jakarta 86.65  
Japan BioReliance K.K. Tokyo 100.00  
Japan Merck Biopharma Co., Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Tokyo 100.00  
Japan Merck Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Tokyo 100.00  
Japan Merck Performance Materials Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Tokyo 100.00  
Japan Sigma-Aldrich Japan G.K. Tokyo 100.00  
Japan Versum Materials Japan Inc. Kawasaki 100.00  
Malaysia Merck Sdn Bhd, a subsidiary of Merck KGaA, Darmstadt, Germany Petaling Jaya 100.00  
Malaysia Sigma-Aldrich (M) Sdn Bhd Kuala Lumpur 100.00  
Malaysia Versum Materials Malaysia Sdn Bhd Kuala Lumpur 100.00  
New Zealand Merck Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Auckland 100.00  
New Zealand Sigma-Aldrich New Zealand Co. Auckland 100.00  
Philippines Merck Business Solutions Asia Inc., a subsidiary of Merck KGaA, Darmstadt, Germany Bonifacio Global City 99.99  
Philippines Merck Inc., a subsidiary of Merck KGaA, Darmstadt, Germany Bonifacio Global City 100.00  
Singapore Merck Performance Materials Pte. Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Singapore 100.00  
Singapore Merck Pte. Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Singapore 100.00  
Singapore Sigma-Aldrich Singapore Pte. Ltd. Singapore 100.00  
Singapore Versum Materials International Pte. Ltd. Singapore 100.00  
Singapore Versum Materials Singapore Pte. Ltd. Singapore 100.00  
South Korea Merck Electronic Materials Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Seoul 100.00  
South Korea Merck Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Seoul 100.00  
South Korea Merck Performance Materials Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Pyeongtaek-shi 100.00  
South Korea Sigma-Aldrich Korea Ltd. Yongin City 100.00  
South Korea Versum Materials ADM Korea Inc. Ansan-si 100.00  
South Korea Versum Materials HYT Inc. Ansan-si 100.00  
South Korea Versum Materials Korea Inc. Siheung-si 100.00  
South Korea Versum Materials Korea Technology Inc. Ansan-si 100.00  
South Korea Versum Materials PM Korea Inc. Ulsan 100.00  
South Korea Versum Materials SPC Korea Ltd. Pyeongtaek-shi 100.00  
Taiwan Merck Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Taipei 100.00  
Taiwan Merck Performance Materials Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Taipei 100.00  
Taiwan SAFC Hitech Taiwan Co. Ltd. Kaohsiung 100.00  
Taiwan Versum Materials Taiwan Co., Ltd. Taipei 74.00  
Thailand Merck Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Bangkok 45.11  
Vietnam Merck Vietnam Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Ho Chi Minh City 100.00  
         
Latin America        
Argentina Merck S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Buenos Aires 100.00  
Argentina Sigma-Aldrich de Argentina S.r.l. Buenos Aires 100.00  
Brazil Merck S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Rio de Janeiro 100.00  
Brazil Sigma-Aldrich Brasil Ltda. São Paulo 100.00  
Chile Merck S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Santiago de Chile 100.00  
Chile Sigma-Aldrich Quimica Ltda. Santiago de Chile 100.00  
Colombia Merck S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Bogota 100.00  
Ecuador Merck C.A., a subsidiary of Merck KGaA, Darmstadt, Germany Quito 100.00  
Guatemala Merck, S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Guatemala City 100.00  
Mexico Merck Biopharma Distribution S.A. de C.V., a subsidiary of Merck KGaA, Darmstadt, Germany Mexico City 100.00  
Mexico Merck, S.A. de C.V., a subsidiary of Merck KGaA, Darmstadt, Germany Mexico City 100.00  
Mexico Sigma-Aldrich Quimica, S. de R.L. de C.V. Toluca 100.00  
Panama Mesofarma Corporation Panama City 100.00  
Peru Merck Peruana S.A., a subsidiary of Merck KGaA, Darmstadt, Germany Lima 100.00  
Uruguay ARES Trading Uruguay S.A. Montevideo 100.00  
         
Middle East and Africa (MEA)        
Egypt Merck Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Cairo 100.00  
Israel Inter-Lab Ltd. Yavne 100.00  
Israel InterPharm Laboratories Ltd. Yavne 100.00  
Israel Merck Serono Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Herzliya Pituach 100.00  
Israel PMatX Ltd. Yavne 90.00  
Israel QLight Nanotech Ltd. Jerusalem 100.00  
Israel Sigma-Aldrich Israel Ltd. Rehovot 100.00  
Israel Versum Materials Israel Ltd. Tel Aviv 100.00  
Kenya Merck Healthcare and Life Science Limited, a subsidiary of Merck KGaA, Darmstadt, Germany Nairobi 100.00  
South Africa Merck (Pty) Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Halfway House 100.00  
South Africa Sigma-Aldrich (Pty) Ltd. Kempton Park 100.00  
Tunisia Merck Promotion SARL, a subsidiary of Merck KGaA, Darmstadt, Germany Tunis 100.00  
Tunisia Merck SARL, a subsidiary of Merck KGaA, Darmstadt, Germany Tunis 100.00  
United Arab Emirates Merck Serono Middle East FZ-Ltd. , a subsidiary of Merck KGaA, Darmstadt, Germany Dubai 100.00  
         
A) Companies opting for exemption as provided for by Section 264 (3) and Section 264b of the German Commercial Code.
17.46 KBEXCEL
Country Company Registered office Equity interest (%) thereof:
Merck KGaA, Darmstadt, Germany (%)
Fair value as of Dec. 31, 2019 (€ million) Fair value as of Dec. 31, 2018 (€ million)
             
II. Subsidiaries not consolidated for reasons of materiality
             
Germany            
Germany AB Pensionsverwaltung GmbH Zossen 100.00 100.00 < 0,5 < 0,5
Germany Merck 25. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 26. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 27. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 28. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 29. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 30. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 31. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 36. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 37. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 38. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 39. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 40. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
Germany Merck 41. Allgemeine Beteiligungs-GmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
             
Other European countries            
Greece Sigma-Aldrich (OM) Ltd. Athens 100.00   < 0,5 < 0,5
Ireland SAFC Arklow Ltd. Arklow 100.00   < 0,5 < 0,5
Russia Chemical Trade Limited LLC Moscow 100.00   < 0,5 < 0,5
Russia MedChem Limited Moscow 100.00   < 0,5 < 0,5
Russia SAF-LAB LLC Moscow 100.00   < 0,5 < 0,5
Switzerland iOnctura SA Plan-les-Ouates 73.60   B) B)
United Kingdom Merck Cross Border Trustees Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Feltham 100.00   < 0,5 < 0,5
United Kingdom Merck Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Feltham 100.00   < 0,5 < 0,5
United Kingdom Merck Pension Trustees Ltd., a subsidiary of Merck KGaA, Darmstadt, Germany Feltham 100.00   < 0,5 < 0,5
United Kingdom Sigma Chemical Co. Ltd. Gillingham 100.00   < 0,5 < 0,5
             
North America            
United States Fluka Chemical Corp. St. Louis 100.00   < 0,5 < 0,5
United States TocopheRx, Inc. Burlington 100.00   B) B)
             
Asia-Pacific (APAC)            
Australia Biochrom Australia Pty. Ltd. Bayswater 100.00   < 0,5 < 0,5
             
Latin America            
Dominican Republic Merck Dominicana, S.R.L., a subsidiary of Merck KGaA, Darmstadt, Germany Santo Domingo 100.00   < 0,5 < 0,5
             
Middle East and Africa (MEA)            
Algeria MDCA Pharma Promotion SARL Hydra 49.00   < 0,5
Morocco Merck Maroc S.A.R.L., a subsidiary of Merck KGaA, Darmstadt, Germany Casablanca 100.00   < 0,5 < 0,5
Nigeria Merck Pharmaceutical and Life Sciences Ltd., a subsidiary of
Merck KGaA, Darmstadt, Germany
Lagos 100.00   < 0,5 < 0,5
             
III. Majority interest in non-controlled companies
             
Germany            
Germany Merck Foundation gGmbH, a subsidiary of Merck KGaA, Darmstadt, Germany Darmstadt 100.00 100.00 < 0,5 < 0,5
             
Latin America            
Venezuela Merck S.A., a subsidiary of
Merck KGaA, Darmstadt, Germany
Caracas 100.00   < 0,5 < 0,5
Venezuela Representaciones MEPRO S.A. Caracas 100.00   < 0,5 < 0,5
             
IV. Associated companies not accounted for using the equity method for reasons of materiality
             
Other European countries            
Netherlands Calypso Biotech B.V. Amsterdam 38.81   B) B)
Switzerland Asceneuron SA Lausanne 25.35   B) B)
Switzerland CAMAG Chemie-Erzeugnisse und Adsorptionstechnik AG Muttenz 39.11   2 2
Switzerland Vaximm AG Basel 22.06   B) B)
             
North America            
United States Prolog Healthy Living Fund, L.P. St. Louis 38.32   C) C)
United States Prolog Healthy Living Fund II, L.P. St. Louis 50.58   C) C)
             
V. Other equity positions
             
Germany            
Germany Alcan Systems GmbH Darmstadt < 20,00   B) B)
Germany Azelis Deutschland Kosmetik GmbH Sankt Augustin < 20,00   2 2
Germany InfraServ GmbH & Co. Wiesbaden KG Wiesbaden < 20,00   6 2
Germany Inuru GmbH Berlin < 20,00   < 0,5 < 0,5
Germany IOmx Therapeutics AG Martinsried < 20,00   B) B)
Germany LegenDairy Foods GmbH Berlin < 20,00   B)
Germany pharma mall Gesellschaft für Electronic Commerce mbH Sankt Augustin < 20,00   1 1
Germany PharmLog Pharma Logistik GmbH Bönen < 20,00   3 3
Germany PrintCity GmbH & Co. KG Neuried < 20,00 < 20,00 < 0,5 < 0,5
             
Other European countries            
Belgium ReWind Therapeutics N.V. Leuven-Heverlee < 20,00   B) B)
Finland Abacus Diagnostica OY Turku < 20,00   < 0,5 < 0,5
Finland Forendo Pharma OY Turku < 20,00   B) B)
France Aveni S.A.S. Massy < 20,00   B) B)
France DNA Script S.A.S. Paris < 20,00   B) B)
Netherlands Mosa Meat B.V. Maastricht < 20,00   B) B)
Netherlands SynAffix B.V. Nijmegen < 20,00   B) B)
Sweden Galecto Biotech AB Lund < 20,00   B) B)
Switzerland FoRx Therapeutics AG Basel < 20,00   B)
Switzerland Inthera Bioscience AG Schlieren 23.28   B) B)
Switzerland ObsEva SA Cologny < 20,00   B) B)
United Kingdom Artios Pharma Limited Cambridge < 20,00   B) B)
United Kingdom F-Star Therapeutics Limited Cambridge < 20,00   B)
United Kingdom Macrophage Pharma Limited Berkhamsted < 20,00   B) B)
United Kingdom Peratech HoldCo Limited Brompton-on-Swale < 20,00   B) B)
United Kingdom Storm Therapeutics Limited London < 20,00   B) B)
             
North America            
United States Akili Interactive Labs, Inc. Boston < 20,00   B) B)
United States Akrevia Therapeutics LLC Cambridge < 20,00   B)
United States Allozyne, Inc. Seattle < 20,00   < 0,5 < 0,5
United States Altoida, Inc. Suwanee < 20,00   B)
United States ApoGen Biotechnologies, Inc. Seattle < 20,00   B) B)
United States Biolinq Inc. San Diego < 20,00   B) B)
United States Bird Rock Bio, Inc. La Jolla < 20,00   B) B)
United States ElectronInks Inc. Austin < 20,00   B)
United States Hydrochlor, LLC Wilmington 50.00   D)
United States Immunitas Therapeutics, Inc. Wilmington < 20,00   B)
United States Indi Molecular, Inc. Culver City < 20,00   B) B)
United States Intrexon Corporation Germantown < 20,00   101 118
United States Kraig Biocraft Laboratories, Inc. Ann Arbor < 20,00   < 0,5 < 0,5
United States Lumiode, Inc. New York < 20,00   B) B)
United States MemryX Inc. Ann Arbor < 20,00   B)
United States Neurable Inc. Boston < 20,00   B)
United States Pacific Light & Hologram, Inc. Wilmington < 20,00   B)
United States Plexium Inc. Wilmington < 20,00   B)
United States Progyny, Inc. Menlo Park < 20,00   B) B)
United States Raze Therapeutics, Inc. Cambridge < 20,00   B) B)
United States Ribometrix Inc. Durham < 20,00   B) B)
United States Riffyn, Inc. Oakland < 20,00   B)
United States Sonde Health, Inc. Boston < 20,00   B)
United States Telios Pharma, Inc. Wilmington < 20,00   9
United States Tioga Pharmaceuticals, Inc. San Diego < 20,00 < 20,00 < 0,5 < 0,5
             
Asia-Pacific (APAC)            
Australia Immutep Limited Sydney < 20,00   < 0,5 < 0,5
Japan Showa Denko Versum Materials 2 Co., Ltd. Tokyo 35.00   D)
             
Latin America            
Cayman Islands CLEARInk Displays, Ltd. Grand Cayman < 20,00   B)
             
Middle East and Africa (MEA)            
Algeria Novapharm Production SARL Wilaya de Tipiza 20.00   1 < 0,5
Israel ARTSaVIT Ltd. Yavne < 20,00   B) B)
Israel Explore Bio 1 Ltd. Yavne 20.00   B) B)
Israel MediSafe Project Ltd. Haifa < 20,00   B) B)
Israel Metabomed Ltd. Yavne < 20,00   B) B)
Israel Pantheon Biosciences Ltd. Yavne < 20,00   B) B)
Israel Pilltracker 2015 Ltd. Tel Aviv < 20,00   B)
Israel PxE Computational Imaging Ltd. Lachish Darom < 20,00   B)
Israel Sentaur Bio Ltd. (formerly Explore Bio 3 Ltd.) Yavne 22.50   B) B)
Israel Wiliot Ltd. Caesarea < 20,00   B) B)
A) Companies opting for exemption as provided for by Section 264 (3) and Section 264b of the German Commercial Code.
B) Companies which are affiliates from the portfolio of Merck Ventures B.V., Amsterdam, Netherlands, a subsidiary of Merck KGaA, Darmstadt, Germany. As of December 31, 2019, the fair value of the M Ventures portfolio amounted to €275 million (December 31, 2018: €145 million).
C) Closed-end funds classified as debt in accordance with IFRS 9.
D) This is an affiliate within the meaning of IFRS 11 (joint activity).

Darmstadt, February 14, 2020 / May 12, 2020

Stefan Oschmann

Udit Batra

Belén Garijo

Kai Beckmann

Marcus Kuhnert