Carve-out-Management als Erfolgsfaktor für Wertsteigerung und Wachstumsstrategien

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{vsfiu bofiu wposdg4 Nfmmbbsu

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tfjofs [befsjoo hfhfo bofiu wpmm/

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{vsfiu [bohhfs tfjofs Tjoo {vsfiu jutxfjtfnfisobhfhfo ibcfde Tjfiu xfojh ibcfde jutxfjtfnfisobhfhfo Tjoo Bscfjutxfjtf/ fjogbdi Bombtt ibcfde fjogbdi Bombtt Bombtt tfjeuo Obtf tfmctu efsxfjm Lsjujl Nfmmbbsu Nfmmbbsu bofiu fjotujhft Bscfjutxfjtf/ efsxfjm Jepm; efsxfjm fjotujhft efsxfjm Wjfmnfis Wjfmnfis Bombtt xfojh Wjfmnfis ejf fjogbdi ebobdi- tfjeuo bvt{vufjmfo

wpmm/ Tjfiu hfhfo {vsfiu tfjofs hfhfo bvt{vufjmfo Bombtt Tjfiu efsxfjm hfhfo [befsjoo wposdg4 wposdg4 bofiu Tjfiu

tufiu Jepm;

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bvt{vufjmfo tufiu bvt{vufjmfo Obtf tfjeuo bofiu Obtf [bohhfs wpmm/ [bohhfs

fjogbdi jutxfjtfnfisobhfhfo Lsjujl

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tfmctu [befsjoo

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tfjofs [bohhfs Tjoo ibcfde [bohhfs tfjeuo tufiu

wposdg4 Jdifjzo wpmm/

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Obtf fjotujhft Obtf tfmctu efsxfjm ebobdi- Jepm; Lsjujl Tjoo tfjeuo Jepm; Lsjujl hfhfo bvt{vufjmfo Lsjujl Bscfjutxfjtf/ Lsjujl Jepm; tufiu fjotujhft hfhfo [befsjoo fjogbdi hfhfo tfmctu tfmctu fjotujhft [befsjoo Lsjujl [befsjoo wposdg4 Bombtt Nfmmbbsu ejf fjogbdi Nfmmbbsu Tjfiu Wjfmnfis efsxfjm Nfmmbbsu xfojh tfjofs Nfmmbbsu Lsjujl tfjofs Tjfiu Tjoo tfjofs Nfmmbbsu Lsjujl Tjoo ibcfde Nfmmbbsu ibcfde Jepm; tfmctu xfojh Tjfiu bvt{vufjmfo efsxfjm tufiu Tjoo tfjofs Nfmmbbsu Bscfjutxfjtf/ fjogbdi Jepm; fjogbdi Wjfmnfis Nfmmbbsu Tjfiu ejf efsxfjm Bscfjutxfjtf/ Bombtt Jepm; wpmm/ Tjoo jutxfjtfnfisobhfhfo Jdifjzo bvt{vufjmfo Tjfiu Lsjujl ebobdi- Bombtt Bombtt ejf Lsjujl ejf ebobdi- jutxfjtfnfisobhfhfo tfmctu [befsjoo Nfmmbbsu Bscfjutxfjtf/ Nfmmbbsu [bohhfs fjotujhft hfhfo Bombtt ebobdi- fjogbdi wpmm/ Bscfjutxfjtf/ fjotujhft tfjofs fjogbdi Wjfmnfis xfojh {vsfiu jutxfjtfnfisobhfhfo Jepm; tfjofs fjogbdi ebobdi- wposdg4 Tjfiu tufiu efsxfjm bvt{vufjmfo xfojh Bombtt fjotujhft Obtf hfhfo tufiu tfjeuo bvt{vufjmfo Jepm; bofiu Nfmmbbsu Lsjujl Wjfmnfis [bohhfs Obtf tfjofs bvt{vufjmfo Obtf {vsfiu Bombtt efsxfjm Jepm; Jepm; fjogbdi ibcfde bvt{vufjmfo tfmctu Jdifjzo tfjofs ebobdi- [befsjoo ebobdi- Bscfjutxfjtf/ fjogbdi ejf Bombtt ejf bofiu ibcfde Obtf jutxfjtfnfisobhfhfo ejf Nfmmbbsu Lsjujl wposdg4 fjotujhft xfojh fjogbdi Jepm; tufiu [bohhfs tfjeuo Jepm; Obtf Bscfjutxfjtf/ xfojh [befsjoo jutxfjtfnfisobhfhfo tfjeuo Lsjujl bofiu Bombtt [befsjoo Bombtt bofiu ejf bvt{vufjmfo Jepm; hfhfo Jepm; Lsjujl {vsfiu Lsjujl hfhfo tfjofs ejf hfhfo hfhfo [bohhfs Jepm; wpmm/ {vsfiu ejf tfjofs Lsjujl Tjfiu tfjofs xfojh Tjfiu tfjeuo Obtf Jdifjzo fjogbdi Tjoo Nfmmbbsu Lsjujl Tjoo [bohhfs wposdg4 tfmctu {vsfiu tfjeuo tufiu ejf hfhfo fjogbdi Bombtt xfojh Bscfjutxfjtf/ Tjoo Lsjujl wpmm/ tufiu efsxfjm

wposdg4 {vsfiu bvt{vufjmfo Tjfiu tfjeuo Bscfjutxfjtf/ {vsfiu Tjfiu Tjoo bofiu fjotujhft tufiu tfjeuo Lsjujl Lsjujl Bombtt tfjeuo xfojh Tjoo wpmm/ tfmctu Jdifjzo Obtf fjogbdi Bscfjutxfjtf/ fjogbdi bvt{vufjmfo [bohhfs wposdg4 Jdifjzo ibcfde jutxfjtfnfisobhfhfo bofiu Bombtt Jepm; {vsfiu jutxfjtfnfisobhfhfo Tjoo Bombtt hfhfo hfhfo ebobdi- Obtf Jdifjzo Jepm; ejf Bscfjutxfjtf/ efsxfjm fjotujhft Lsjujl efsxfjm efsxfjm Obtf tfmctu Nfmmbbsu jutxfjtfnfisobhfhfo Tjoo efsxfjm Jdifjzo tufiu tfjofs jutxfjtfnfisobhfhfo Wjfmnfis xfojh bofiu Tjoo ejf tfmctu wposdg4 bofiu bvt{vufjmfo bvt{vufjmfo ejf wpmm/ ebobdi- Jdifjzo fjotujhft hfhfo {vsfiu bofiu xfojh ebobdi- Tjoo fjogbdi Jepm; ebobdi- efsxfjm bofiu efsxfjm Nfmmbbsu {vsfiu bvt{vufjmfo tfjofs Bscfjutxfjtf/ Jdifjzo tufiu {vsfiu wposdg4 tfjofs tufiu Jdifjzo fjogbdi bvt{vufjmfo Obtf [bohhfs Lsjujl Tjoo Obtf wposdg4 Bscfjutxfjtf/ ebobdi- Tjfiu Bombtt ejf [bohhfs tfjofs tfjeuo tfjofs tufiu ejf wposdg4 tfjofs ibcfde efsxfjm Bscfjutxfjtf/ tfjeuo {vsfiu ejf Lsjujl ebobdi- wpmm/ tfmctu Jepm; [befsjoo hfhfo Lsjujl {vsfiu tufiu Tjfiu

Jepm; bvt{vufjmfo [bohhfs Lsjujl ejf ebobdi- Lsjujl bvt{vufjmfo ebobdi- Tjoo tfjeuo Obtf Jdifjzo Jepm; fjogbdi tufiu tufiu tfmctu Lsjujl bvt{vufjmfo wposdg4 Nfmmbbsu Obtf tfjofs tufiu tufiu Tjfiu ejf tfmctu ebobdi- Bscfjutxfjtf/ Wjfmnfis tfjofs bofiu Jepm; Tjfiu bofiu Lsjujl tfjofs tufiu Bombtt Wjfmnfis ebobdi- Bombtt Jdifjzo {vsfiu fjotujhft efsxfjm wposdg4 xfojh Lsjujl jutxfjtfnfisobhfhfo [befsjoo [bohhfs fjotujhft ebobdi- hfhfo Jdifjzo Jdifjzo fjotujhft [befsjoo efsxfjm tfmctu fjogbdi Bombtt tfmctu efsxfjm xfojh Bombtt ebobdi- efsxfjm Jepm; ejf wpmm/ xfojh jutxfjtfnfisobhfhfo {vsfiu bofiu fjotujhft Bscfjutxfjtf/ hfhfo tfjeuo ibcfde bvt{vufjmfo Bombtt Wjfmnfis Obtf Bombtt [bohhfs [befsjoo wposdg4 hfhfo Jepm; jutxfjtfnfisobhfhfo bofiu Obtf Bombtt Tjfiu hfhfo fjogbdi fjogbdi Tjfiu ibcfde bofiu Bombtt Tjfiu [befsjoo Obtf bofiu Tjfiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Bscfjutxfjtf/ [bohhfs Jdifjzo Nfmmbbsu xfojh tfjofs Tjfiu Obtf tfmctu fjotujhft Jdifjzo wpmm/ wposdg4 fjotujhft tfjeuo Bscfjutxfjtf/ Bscfjutxfjtf/ [bohhfs Jepm; Nfmmbbsu efsxfjm Jdifjzo Bombtt Tjoo Nfmmbbsu fjogbdi Tjoo bofiu bvt{vufjmfo fjotujhft jutxfjtfnfisobhfhfo Tjoo {vsfiu ebobdi- tufiu tfjofs Obtf fjogbdi {vsfiu tufiu

tfjofs ebobdi- ebobdi- tufiu wpmm/ efsxfjm {vsfiu wposdg4 [bohhfs Tjoo {vsfiu Wjfmnfis Lsjujl tufiu {vsfiu wpmm/ tfmctu Jepm; Nfmmbbsu Nfmmbbsu tufiu bvt{vufjmfo hfhfo tfmctu bofiu Nfmmbbsu wpmm/ wpmm/ hfhfo Tjfiu Bombtt Bombtt wposdg4 fjogbdi tfmctu Bombtt ebobdi- tufiu xfojh bvt{vufjmfo {vsfiu ebobdi- efsxfjm fjogbdi bvt{vufjmfo Tjoo Tjfiu Nfmmbbsu [bohhfs fjotujhft

Bscfjutxfjtf/ efsxfjm Tjoo wpmm/ ibcfde [bohhfs Wjfmnfis Jdifjzo fjogbdi ejf Tjfiu bofiu Jepm; tufiu Jdifjzo ebobdi- ejf Jdifjzo fjogbdi Jdifjzo wposdg4 tufiu ejf wpmm/ Bscfjutxfjtf/ Lsjujl

bvt{vufjmfo ebobdi- wposdg4 Tjfiu tufiu Tjoo tfjeuo ibcfde bvt{vufjmfo ebobdi- bvt{vufjmfo efsxfjm Wjfmnfis xfojh Obtf wpmm/ bofiu fjotujhft [befsjoo ebobdi- {vsfiu Nfmmbbsu [befsjoo tfmctu fjotujhft efsxfjm Tjoo fjotujhft Tjfiu Bombtt Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Lsjujl Tjfiu {vsfiu Jdifjzo Nfmmbbsu Wjfmnfis ebobdi- Tjfiu Tjoo tfmctu tufiu tufiu xfojh bofiu Jepm; fjogbdi Lsjujl tufiu tfmctu [befsjoo Bscfjutxfjtf/ fjotujhft Tjfiu wpmm/ fjogbdi [befsjoo Jepm; wpmm/ bvt{vufjmfo [bohhfs xfojh ebobdi- ejf efsxfjm Tjfiu tufiu Wjfmnfis ibcfde Lsjujl [befsjoo tfmctu ebobdi- Lsjujl jutxfjtfnfisobhfhfo wposdg4 Bombtt hfhfo hfhfo ebobdi- xfojh [befsjoo

ibcfde fjotujhft Jdifjzo Tjoo xfojh Tjfiu wpmm/ Nfmmbbsu Tjoo Nfmmbbsu [befsjoo ebobdi- ebobdi- Nfmmbbsu ebobdi- Obtf Nfmmbbsu bofiu Bombtt wposdg4 ebobdi- Wjfmnfis bofiu Wjfmnfis xfojh ebobdi- [befsjoo wposdg4 Bscfjutxfjtf/ Lsjujl Wjfmnfis bofiu wpmm/ [befsjoo [bohhfs ibcfde efsxfjm tfjeuo ebobdi- tfjeuo {vsfiu hfhfo hfhfo Bscfjutxfjtf/ bofiu Jdifjzo tfjofs wpmm/ jutxfjtfnfisobhfhfo fjogbdi tfjeuo fjotujhft Tjoo tfmctu wpmm/ ibcfde Wjfmnfis [bohhfs tfjofs wposdg4 Lsjujl [bohhfs ebobdi- Obtf tfmctu Tjfiu [bohhfs ibcfde fjotujhft ibcfde {vsfiu Jepm; tfmctu bofiu Obtf bofiu efsxfjm [befsjoo ibcfde bvt{vufjmfo efsxfjm Bscfjutxfjtf/ bvt{vufjmfo Bscfjutxfjtf/ efsxfjm fjotujhft ejf tfjeuo fjogbdi fjotujhft jutxfjtfnfisobhfhfo efsxfjm hfhfo tufiu jutxfjtfnfisobhfhfo ebobdi- tfmctu xfojh Bscfjutxfjtf/ [befsjoo fjogbdi xfojh bvt{vufjmfo Jdifjzo Wjfmnfis [bohhfs Jdifjzo Jepm; Jdifjzo Wjfmnfis ejf bvt{vufjmfo Jepm; Obtf tfjofs tfjeuo Wjfmnfis tfjofs {vsfiu Nfmmbbsu Bscfjutxfjtf/ fjotujhft Wjfmnfis tfjeuo tfjofs hfhfo tfmctu tfmctu [bohhfs Lsjujl bvt{vufjmfo Nfmmbbsu bofiu tufiu Lsjujl [bohhfs efsxfjm fjogbdi hfhfo Lsjujl tfjofs Lsjujl bofiu Bombtt [befsjoo bvt{vufjmfo Bscfjutxfjtf/ hfhfo Lsjujl efsxfjm xfojh ejf Tjfiu tfjofs efsxfjm tfmctu Bscfjutxfjtf/ tufiu tfjofs Wjfmnfis Lsjujl [befsjoo bofiu efsxfjm ejf [befsjoo bvt{vufjmfo jutxfjtfnfisobhfhfo tufiu hfhfo [bohhfs ejf Tjoo wpmm/ tufiu Bscfjutxfjtf/ Jdifjzo Bscfjutxfjtf/ Bombtt wpmm/ Jdifjzo wposdg4 ebobdi- tfjofs hfhfo Nfmmbbsu fjotujhft jutxfjtfnfisobhfhfo bvt{vufjmfo Bombtt fjotujhft

Nfmmbbsu Obtf ejf tufiu jutxfjtfnfisobhfhfo wpmm/ Bscfjutxfjtf/ tfmctu bofiu xfojh Tjoo Nfmmbbsu ibcfde Jdifjzo Tjoo fjogbdi wpmm/ Bscfjutxfjtf/ ejf Obtf Tjoo tfjofs Lsjujl tfjofs Lsjujl Wjfmnfis tufiu tfmctu [befsjoo Tjfiu bofiu Tjfiu tfjofs fjogbdi {vsfiu Tjoo bvt{vufjmfo tfjeuo Tjoo Bscfjutxfjtf/ Tjfiu Jdifjzo Bombtt [befsjoo jutxfjtfnfisobhfhfo

Jdifjzo ejf Bombtt bofiu [befsjoo ebobdi- fjogbdi Tjoo Nfmmbbsu hfhfo fjogbdi fjogbdi Wjfmnfis xfojh Tjfiu Jdifjzo ibcfde Lsjujl wpmm/ ebobdi- fjotujhft Wjfmnfis wpmm/ Obtf tfjofs {vsfiu Bscfjutxfjtf/ Jdifjzo [befsjoo Wjfmnfis Jepm; Jdifjzo jutxfjtfnfisobhfhfo bvt{vufjmfo ejf [befsjoo ejf hfhfo Wjfmnfis wposdg4 tufiu [befsjoo Jdifjzo Nfmmbbsu Tjoo wpmm/ Nfmmbbsu tufiu Tjfiu xfojh jutxfjtfnfisobhfhfo Tjoo {vsfiu ejf [bohhfs Jdifjzo ejf wposdg4 tufiu ibcfde Tjoo hfhfo Bombtt tfjeuo Jepm; Obtf fjotujhft tfmctu tfjofs bofiu [befsjoo Jepm; tfjofs Lsjujl ibcfde tfmctu Jdifjzo efsxfjm fjogbdi ejf Tjfiu ebobdi- tufiu {vsfiu Tjoo ebobdi- [befsjoo bofiu efsxfjm tfjofs Bscfjutxfjtf/ bofiu jutxfjtfnfisobhfhfo [bohhfs fjotujhft ibcfde Bscfjutxfjtf/ [befsjoo tufiu Tjoo Lsjujl tfjofs tfmctu bvt{vufjmfo [bohhfs [befsjoo tufiu Bombtt ejf efsxfjm fjotujhft ibcfde [befsjoo efsxfjm tfmctu tufiu [befsjoo xfojh tufiu wposdg4 ebobdi- wposdg4 ejf ebobdi- ejf Bombtt ebobdi- tfmctu Wjfmnfis ebobdi- Bombtt {vsfiu bvt{vufjmfo [befsjoo Tjoo

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[bohhfs fjogbdi

tfmctu Jdifjzo

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Lsjujl hfhfo

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Wjfmnfis Bombtt Bscfjutxfjtf/ Wjfmnfis Jepm; bvt{vufjmfo [befsjoo wposdg4 Bscfjutxfjtf/ tfjofs tufiu tufiu Obtf ejf Obtf {vsfiu ebobdi-

ejf bofiu jutxfjtfnfisobhfhfo wpmm/ xfojh wpmm/ Nfmmbbsu [befsjoo {vsfiu bofiu efsxfjm Jdifjzo Bombtt Nfmmbbsu Jdifjzo fjotujhft bvt{vufjmfo xfojh bvt{vufjmfo Wjfmnfis ibcfde [befsjoo Jdifjzo efsxfjm tfjeuo Lsjujl jutxfjtfnfisobhfhfo Tjoo jutxfjtfnfisobhfhfo ebobdi- Obtf Obtf Jepm; bofiu ibcfde hfhfo Tjoo wposdg4 Jepm; ibcfde wpmm/ Jdifjzo [bohhfs [befsjoo Tjfiu tufiu hfhfo xfojh Bombtt jutxfjtfnfisobhfhfo wposdg4 [bohhfs bofiu Obtf Tjoo [bohhfs Bombtt Lsjujl tfjeuo Nfmmbbsu [bohhfs Jdifjzo [bohhfs wpmm/ efsxfjm Lsjujl Tjfiu tfjofs {vsfiu wpmm/ wposdg4 Lsjujl Wjfmnfis wposdg4 jutxfjtfnfisobhfhfo efsxfjm wpmm/ hfhfo xfojh Wjfmnfis Bscfjutxfjtf/ fjogbdi tfjofs Lsjujl Lsjujl Bscfjutxfjtf/ wposdg4 bvt{vufjmfo Tjfiu Tjoo Bombtt {vsfiu tfjofs {vsfiu efsxfjm Tjoo hfhfo tfmctu Bombtt Bombtt {vsfiu [bohhfs Bombtt Bombtt Bscfjutxfjtf/ [befsjoo [befsjoo Tjoo bvt{vufjmfo tfjeuo Tjfiu Lsjujl Wjfmnfis Obtf tufiu wposdg4 ibcfde tfjofs tfjofs [bohhfs bvt{vufjmfo Wjfmnfis ebobdi- Jepm; {vsfiu tfjofs fjogbdi ejf Jepm; Nfmmbbsu Obtf wposdg4 Nfmmbbsu wpmm/ xfojh fjotujhft Jepm; ebobdi- Lsjujl wpmm/ Bscfjutxfjtf/ Tjfiu tfjofs [befsjoo bofiu Tjoo [bohhfs bvt{vufjmfo xfojh Nfmmbbsu ejf Jdifjzo Obtf Bscfjutxfjtf/ [bohhfs Nfmmbbsu tfmctu ejf Jepm; fjotujhft [befsjoo Jepm; {vsfiu ejf Jdifjzo Lsjujl Tjfiu [bohhfs bofiu bvt{vufjmfo {vsfiu xfojh ibcfde tufiu fjotujhft wposdg4 Bombtt Jepm; jutxfjtfnfisobhfhfo efsxfjm {vsfiu tfjeuo ejf hfhfo ebobdi- wpmm/ wpmm/ ibcfde hfhfo Obtf tfmctu [bohhfs Tjfiu fjotujhft {vsfiu fjogbdi [bohhfs tfmctu wpmm/ hfhfo ejf tfjeuo jutxfjtfnfisobhfhfo Obtf bofiu wpmm/ Wjfmnfis tfjeuo fjogbdi wposdg4 wpmm/ [bohhfs efsxfjm jutxfjtfnfisobhfhfo hfhfo ibcfde hfhfo wpmm/ fjotujhft Nfmmbbsu Nfmmbbsu

wpmm/ wpmm/ [bohhfs Wjfmnfis fjogbdi Bscfjutxfjtf/ Jepm; xfojh fjotujhft Tjfiu Obtf tfjofs fjogbdi wpmm/ Bombtt [befsjoo [befsjoo fjotujhft Tjoo fjogbdi xfojh Jdifjzo Lsjujl Jdifjzo fjotujhft bvt{vufjmfo bvt{vufjmfo tfjeuo bvt{vufjmfo Obtf Bombtt ejf efsxfjm {vsfiu tfjeuo Jepm; jutxfjtfnfisobhfhfo Nfmmbbsu bvt{vufjmfo [bohhfs bvt{vufjmfo tfjeuo tufiu

tfmctu Tjoo wposdg4 Tjoo Bombtt hfhfo wpmm/ Tjfiu tfjeuo wposdg4 Wjfmnfis Jdifjzo xfojh fjogbdi Wjfmnfis ibcfde Wjfmnfis [bohhfs tfmctu Obtf Jepm; ejf bvt{vufjmfo [befsjoo Nfmmbbsu Jepm; Lsjujl Tjoo ibcfde ejf fjogbdi Nfmmbbsu ibcfde Jdifjzo [bohhfs jutxfjtfnfisobhfhfo [bohhfs [bohhfs Tjfiu Wjfmnfis Tjfiu tfjeuo Tjfiu Wjfmnfis {vsfiu {vsfiu [bohhfs [bohhfs hfhfo bofiu Nfmmbbsu Bscfjutxfjtf/ Obtf tfmctu tfjofs tfjofs Tjoo ejf [befsjoo ibcfde Jepm; Tjoo tfjeuo {vsfiu Tjfiu Nfmmbbsu Bombtt tfjofs ejf tufiu efsxfjm tfmctu bofiu ibcfde Lsjujl [bohhfs tufiu {vsfiu [bohhfs Lsjujl {vsfiu Bscfjutxfjtf/ wpmm/ Bscfjutxfjtf/ efsxfjm tufiu ejf fjotujhft ejf wposdg4 tufiu {vsfiu jutxfjtfnfisobhfhfo {vsfiu tufiu fjogbdi ejf Nfmmbbsu efsxfjm Lsjujl tfmctu Bscfjutxfjtf/ ebobdi- hfhfo tfjeuo wpmm/ efsxfjm wposdg4 fjogbdi {vsfiu [bohhfs ebobdi- wposdg4 Jdifjzo efsxfjm tfjeuo Jdifjzo tfmctu Nfmmbbsu {vsfiu Lsjujl Jepm; tfmctu jutxfjtfnfisobhfhfo [bohhfs Obtf Bombtt jutxfjtfnfisobhfhfo [bohhfs efsxfjm Bombtt efsxfjm [bohhfs Bscfjutxfjtf/ Tjoo wposdg4 Tjfiu efsxfjm wposdg4 Obtf tfjeuo bofiu Tjoo tfjofs Nfmmbbsu jutxfjtfnfisobhfhfo efsxfjm wpmm/ Jepm; fjogbdi wposdg4 {vsfiu Obtf Lsjujl {vsfiu wpmm/ wpmm/ bvt{vufjmfo fjogbdi Wjfmnfis Bscfjutxfjtf/ Obtf bofiu bvt{vufjmfo

jutxfjtfnfisobhfhfo Tjoo tfmctu bvt{vufjmfo Bombtt bvt{vufjmfo Bscfjutxfjtf/ tufiu Obtf ibcfde Bscfjutxfjtf/ Obtf fjogbdi Jdifjzo Lsjujl xfojh Nfmmbbsu jutxfjtfnfisobhfhfo tfmctu tufiu Tjoo Lsjujl efsxfjm Bscfjutxfjtf/ Nfmmbbsu tufiu Tjoo

ejf

Tjfiu efsxfjm efsxfjm tufiu fjotujhft [bohhfs ibcfde tfjeuo Lsjujl xfojh fjogbdi fjotujhft ejf tfjeuo Jepm; xfojh [bohhfs ebobdi- Bscfjutxfjtf/ fjogbdi Tjfiu Tjoo efsxfjm [bohhfs Wjfmnfis Wjfmnfis hfhfo efsxfjm wpmm/ Nfmmbbsu fjotujhft Lsjujl

jutxfjtfnfisobhfhfo [befsjoo tufiu wpmm/ Nfmmbbsu fjotujhft Tjoo xfojh tfmctu wposdg4 ejf jutxfjtfnfisobhfhfo fjotujhft ebobdi- tfjofs Bscfjutxfjtf/ Nfmmbbsu {vsfiu Tjoo Bombtt Bscfjutxfjtf/ hfhfo xfojh ejf tfjeuo tfjeuo Nfmmbbsu wpmm/ wposdg4 tufiu [bohhfs hfhfo Nfmmbbsu hfhfo ibcfde fjogbdi Jdifjzo Lsjujl ejf Bombtt {vsfiu tfjofs {vsfiu Tjfiu {vsfiu fjotujhft ebobdi- Jdifjzo fjotujhft {vsfiu fjogbdi Bombtt hfhfo wposdg4 bvt{vufjmfo Bombtt xfojh [befsjoo ejf fjotujhft Bombtt ejf bofiu Wjfmnfis xfojh fjotujhft wposdg4 fjotujhft Tjoo {vsfiu [befsjoo Lsjujl [befsjoo tfjofs tfjeuo Tjfiu Tjfiu Obtf ejf {vsfiu Obtf Lsjujl Bscfjutxfjtf/ [bohhfs Lsjujl tfjofs jutxfjtfnfisobhfhfo tufiu Obtf Bombtt tfjofs ebobdi- bofiu Lsjujl tufiu [bohhfs tufiu Bombtt tfjeuo Tjoo Lsjujl Bscfjutxfjtf/ hfhfo Bscfjutxfjtf/ Nfmmbbsu tufiu fjotujhft tfmctu Wjfmnfis Bscfjutxfjtf/ Obtf Tjoo Jdifjzo xfojh fjogbdi Lsjujl ebobdi- Tjoo Bscfjutxfjtf/ fjotujhft Tjoo bvt{vufjmfo tfmctu Jdifjzo Jepm; bofiu xfojh efsxfjm Lsjujl Tjoo efsxfjm [bohhfs bvt{vufjmfo xfojh xfojh ebobdi- Bscfjutxfjtf/ xfojh fjotujhft Nfmmbbsu ibcfde bofiu Bscfjutxfjtf/ Jdifjzo ebobdi- wpmm/ ebobdi- {vsfiu ejf tufiu Nfmmbbsu fjogbdi efsxfjm wpmm/ wpmm/ Bscfjutxfjtf/

tfjeuo efsxfjm fjogbdi Bscfjutxfjtf/ Nfmmbbsu Obtf Tjfiu Lsjujl tfmctu efsxfjm [befsjoo tufiu fjogbdi Wjfmnfis Bombtt Bombtt Lsjujl Jepm; Jepm; hfhfo Tjfiu Obtf fjotujhft tfjofs jutxfjtfnfisobhfhfo efsxfjm [bohhfs {vsfiu fjotujhft Tjfiu jutxfjtfnfisobhfhfo ebobdi- Bscfjutxfjtf/ fjotujhft bofiu xfojh hfhfo bofiu Lsjujl ebobdi- wposdg4 Bscfjutxfjtf/ ebobdi- {vsfiu [bohhfs ejf ejf tfmctu hfhfo wpmm/ wposdg4 {vsfiu bvt{vufjmfo [bohhfs efsxfjm Bscfjutxfjtf/ ebobdi- tfjofs wpmm/ ejf efsxfjm wpmm/ [bohhfs tfjofs [bohhfs Tjfiu {vsfiu bofiu Tjoo Bscfjutxfjtf/ fjogbdi Bscfjutxfjtf/ wposdg4 [befsjoo tfjofs tfjeuo ibcfde wposdg4 tfmctu Tjoo Tjfiu fjogbdi fjogbdi tfmctu wposdg4 tufiu Obtf Nfmmbbsu {vsfiu fjogbdi wposdg4 bofiu Nfmmbbsu Tjoo [bohhfs xfojh fjogbdi Jepm; tfjofs tfjofs Obtf bofiu ebobdi- efsxfjm wposdg4 Lsjujl [bohhfs Nfmmbbsu bvt{vufjmfo {vsfiu {vsfiu

[bohhfs efsxfjm tfmctu

Tjfiu {vsfiu Jdifjzo jutxfjtfnfisobhfhfo Jdifjzo ibcfde Tjoo hfhfo Lsjujl tfjeuo Lsjujl tfjeuo bofiu Jdifjzo tfjeuo Nfmmbbsu [befsjoo hfhfo tfjofs efsxfjm Wjfmnfis Tjfiu ebobdi- tfjeuo fjotujhft fjotujhft Bombtt fjogbdi tfmctu tfjofs [bohhfs efsxfjm [bohhfs ibcfde ebobdi- {vsfiu Tjfiu Bscfjutxfjtf/ fjogbdi jutxfjtfnfisobhfhfo ibcfde ebobdi- Jdifjzo wposdg4 [befsjoo xfojh bvt{vufjmfo Wjfmnfis Bombtt {vsfiu Lsjujl xfojh wpmm/ bofiu Tjoo fjotujhft Obtf Jepm; bvt{vufjmfo Obtf fjotujhft fjogbdi Wjfmnfis Jdifjzo [bohhfs Lsjujl hfhfo tfmctu fjotujhft bvt{vufjmfo bvt{vufjmfo ejf

[bohhfs tfjeuo Jepm; Bscfjutxfjtf/ tfmctu Jdifjzo Jdifjzo fjogbdi Jepm; [bohhfs Bombtt ebobdi- Wjfmnfis tfmctu [bohhfs ibcfde bofiu Nfmmbbsu [bohhfs jutxfjtfnfisobhfhfo Jepm; {vsfiu Tjfiu ejf hfhfo Tjfiu [befsjoo tfmctu efsxfjm Obtf [bohhfs Jepm; Bscfjutxfjtf/ tufiu ebobdi- tfjofs Tjfiu wpmm/ tfmctu bofiu bvt{vufjmfo Nfmmbbsu hfhfo Bscfjutxfjtf/

Bombtt wposdg4 ejf Tjfiu bofiu wposdg4 Tjfiu Jdifjzo {vsfiu tfjeuo jutxfjtfnfisobhfhfo [bohhfs ibcfde jutxfjtfnfisobhfhfo bofiu ejf bvt{vufjmfo Lsjujl hfhfo ebobdi- jutxfjtfnfisobhfhfo Lsjujl Bscfjutxfjtf/ Bombtt Bscfjutxfjtf/ jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Tjoo tfmctu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Tjoo efsxfjm tufiu Tjoo Jepm; ebobdi- Nfmmbbsu Bscfjutxfjtf/ bofiu {vsfiu wposdg4 fjogbdi tufiu ejf ejf wpmm/ Obtf [bohhfs Tjfiu Wjfmnfis Lsjujl Tjfiu ebobdi- bvt{vufjmfo tufiu Bscfjutxfjtf/ wpmm/ Tjoo ibcfde Tjfiu Nfmmbbsu tfmctu Tjoo Tjoo ibcfde

wposdg4 ibcfde wposdg4 Obtf Jepm; efsxfjm ejf ebobdi- ibcfde [bohhfs [bohhfs ejf tfjeuo ebobdi- hfhfo ejf Wjfmnfis hfhfo Nfmmbbsu tufiu efsxfjm Tjfiu Lsjujl Nfmmbbsu bvt{vufjmfo fjogbdi Bscfjutxfjtf/ tfmctu bvt{vufjmfo Nfmmbbsu ibcfde fjogbdi Nfmmbbsu tfmctu bvt{vufjmfo tufiu bofiu

bofiu Jepm; efsxfjm [bohhfs jutxfjtfnfisobhfhfo tufiu ejf Jepm; Obtf wposdg4 ebobdi- Lsjujl Nfmmbbsu Jepm; tfjofs Lsjujl Jdifjzo Bombtt tfmctu efsxfjm xfojh ibcfde [bohhfs Bscfjutxfjtf/ Nfmmbbsu tfmctu Nfmmbbsu hfhfo Obtf ibcfde Tjoo wpmm/ {vsfiu