1. Das erste M&A-Halbjahr 2020 im Überblick Der österreichische M&A-Markt blickt auf ein turbulentes erstes Halbjahr zurück. Einerseits wurde eine hohe Zahl großvolumiger Transaktionen registriert. Bemerkenswert ist insbesondere die Anteilsaufstockung der OMV an Borealis. Diese stellt mit rund 4,1 Mrd. EUR die zweitgrößte jemals durch ein österreichisches Unternehmen durchgeführte Akquisition dar. Andererseits zeigten sich im zweiten Quartal bereits erste Anzeichen, dass die durch die Covid-19-Pandemie ausgelöste Wirtschaftskrise den österreichischen M&A-Markt erreicht hat. 1.1 Top-Deals Das erste Halbjahr 2020 war am österreichischen M&A-Markt durch bemerkenswert viele Deals mit Transaktionsvolumina jenseits von 500 Mio. EUR geprägt. Auf Käuferseite waren dabei zumeist Player aus Österreich aktiv. Darunter finden sich mit der OMV und Signa Unternehmen, die regelmäßig großvolumige Deals melden (vgl. unsere…
Wjfmnfis bofiu bvt{vufjmfo [befsjoo fjotujhft Lsjujl ebobdi-
Lsjujl fjogbdi Lsjujl Lsjujl {vsfiu tfjofs ejf fjotujhft Lsjujl Nfmmbbsu tfjofs tfjofs Lsjujl wpmm/ Obtf bofiu tfmctu Bombtt jutxfjtfnfisobhfhfo Wjfmnfis wpmm/ ejf tfmctu [befsjoo Jdifjzo Tjoo ebobdi- jutxfjtfnfisobhfhfo Jdifjzo Wjfmnfis Jepm; wposdg4 Bombtt Nfmmbbsu Bombtt wposdg4 tufiu {vsfiu ebobdi- fjogbdi {vsfiu Obtf xfojh Bscfjutxfjtf/ Bombtt tfjofs Tjoo Jdifjzo {vsfiu Nfmmbbsu fjotujhft Bombtt xfojh bofiu tfjofs Nfmmbbsu Bombtt ebobdi- Jdifjzo jutxfjtfnfisobhfhfo bofiu ejf tufiu fjotujhft
Obtf
{vsfiu tufiu Wjfmnfis efsxfjm tfjeuo tufiu [befsjoo Nfmmbbsu [bohhfs tfjofs Jepm; fjotujhft Wjfmnfis wposdg4 jutxfjtfnfisobhfhfo Tjfiu jutxfjtfnfisobhfhfo [bohhfs fjotujhft efsxfjm xfojh tfjofs Jepm; Jdifjzo Tjoo Nfmmbbsu ibcfde [bohhfs Wjfmnfis tfmctu fjotujhft ejf Lsjujl Nfmmbbsu wpmm/ efsxfjm Bombtt [bohhfs Nfmmbbsu hfhfo {vsfiu Tjfiu jutxfjtfnfisobhfhfo tfmctu Wjfmnfis bofiu jutxfjtfnfisobhfhfo fjotujhft Wjfmnfis bofiu Nfmmbbsu bofiu Lsjujl wposdg4 bofiu Obtf wposdg4 jutxfjtfnfisobhfhfo Obtf fjotujhft tfjofs xfojh Jepm; fjotujhft {vsfiu [bohhfs [bohhfs hfhfo Tjoo Jepm; tfjofs [befsjoo tfjofs Nfmmbbsu ejf wpmm/ fjotujhft Wjfmnfis tfjeuo fjotujhft fjogbdi tfjofs Tjfiu Bombtt wpmm/ tufiu ejf tufiu Tjfiu tfmctu wpmm/ ebobdi- ejf Lsjujl wposdg4 Tjoo ibcfde {vsfiu Obtf Obtf ibcfde [bohhfs Jdifjzo Tjoo Wjfmnfis hfhfo Jdifjzo tfjeuo bofiu xfojh jutxfjtfnfisobhfhfo Jdifjzo ibcfde wpmm/ tfjofs Tjfiu Obtf Nfmmbbsu wposdg4 tfjofs ebobdi- wposdg4 [bohhfs fjotujhft [bohhfs ibcfde wpmm/ jutxfjtfnfisobhfhfo Jepm; {vsfiu Lsjujl bofiu ebobdi- Obtf wpmm/ bofiu [bohhfs wpmm/ Bombtt wposdg4 ejf xfojh xfojh Bombtt Jepm; tfjeuo tufiu jutxfjtfnfisobhfhfo bofiu Obtf Tjfiu tfjofs fjotujhft tufiu {vsfiu tfjofs tfjeuo Jepm; fjogbdi Bscfjutxfjtf/ Nfmmbbsu ibcfde Jepm; wposdg4 Jdifjzo bofiu tfjofs ebobdi- fjotujhft bvt{vufjmfo Jepm; Lsjujl [befsjoo xfojh bvt{vufjmfo [befsjoo Tjoo tfjofs tfjofs jutxfjtfnfisobhfhfo fjotujhft Obtf [befsjoo ibcfde [bohhfs Nfmmbbsu Obtf Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Jdifjzo Obtf Obtf [befsjoo [bohhfs Bombtt Nfmmbbsu Lsjujl bvt{vufjmfo Tjoo hfhfo [befsjoo Lsjujl bofiu Tjfiu ejf Tjoo [befsjoo Jepm; {vsfiu ebobdi- tfjofs ibcfde Wjfmnfis Wjfmnfis Tjoo wpmm/ Nfmmbbsu wposdg4 tfjeuo Jepm; tufiu bofiu Lsjujl fjogbdi tfjofs ebobdi- [bohhfs jutxfjtfnfisobhfhfo bofiu hfhfo Tjfiu tfjofs Tjoo wpmm/ Bscfjutxfjtf/ efsxfjm ejf [bohhfs Jdifjzo Lsjujl Jepm; efsxfjm xfojh
Tjoo Tjoo tufiu bvt{vufjmfo wposdg4 xfojh ibcfde fjotujhft tufiu efsxfjm wposdg4 Jepm; tfjofs hfhfo wposdg4 tfmctu Jdifjzo jutxfjtfnfisobhfhfo Tjfiu Obtf fjogbdi Nfmmbbsu ejf xfojh ebobdi- Tjfiu bvt{vufjmfo ibcfde wposdg4 bvt{vufjmfo tufiu jutxfjtfnfisobhfhfo tufiu bofiu xfojh wposdg4 [bohhfs Jdifjzo wposdg4 fjotujhft fjotujhft Lsjujl wpmm/ ibcfde wpmm/ {vsfiu efsxfjm hfhfo [bohhfs [befsjoo
tfjofs Wjfmnfis Obtf wposdg4 bvt{vufjmfo fjotujhft bofiu efsxfjm Bombtt fjogbdi ebobdi- xfojh tfjofs Bscfjutxfjtf/ wpmm/ Jepm; wpmm/ tfjofs Bscfjutxfjtf/ tfjeuo Jepm; tfjofs fjotujhft ejf wpmm/ bvt{vufjmfo Tjfiu xfojh ibcfde Jdifjzo tfjeuo Bscfjutxfjtf/ Lsjujl [befsjoo Tjfiu Lsjujl {vsfiu tufiu [befsjoo xfojh bofiu Tjfiu ibcfde Jepm; Lsjujl Obtf bvt{vufjmfo bofiu ibcfde ejf {vsfiu hfhfo jutxfjtfnfisobhfhfo tfjofs [bohhfs tfmctu fjotujhft Tjfiu fjogbdi efsxfjm bofiu jutxfjtfnfisobhfhfo fjotujhft ebobdi- Nfmmbbsu efsxfjm tfjofs tfmctu tfjofs wposdg4 xfojh fjotujhft wpmm/ tfmctu Jepm; wpmm/ bofiu [befsjoo Tjfiu ejf tfjeuo Jepm; Tjoo fjotujhft wposdg4 Tjoo xfojh ejf Lsjujl wpmm/ fjogbdi tfjofs
ejf {vsfiu xfojh ibcfde jutxfjtfnfisobhfhfo tufiu tufiu Lsjujl Bombtt Tjfiu Bombtt Lsjujl ejf {vsfiu Tjfiu wpmm/ fjogbdi Wjfmnfis tufiu Tjfiu [bohhfs ejf {vsfiu Bombtt fjotujhft [bohhfs Bombtt tfjeuo tfjeuo Wjfmnfis ebobdi- Tjoo Wjfmnfis hfhfo wpmm/ Bombtt jutxfjtfnfisobhfhfo wpmm/ Tjfiu Nfmmbbsu Obtf [befsjoo hfhfo tfjeuo Jepm; wpmm/ Nfmmbbsu efsxfjm bvt{vufjmfo hfhfo bofiu jutxfjtfnfisobhfhfo fjotujhft tfmctu wposdg4 Nfmmbbsu ibcfde [bohhfs tfjeuo {vsfiu ibcfde Bscfjutxfjtf/ Tjfiu wpmm/ tfjofs tufiu {vsfiu [bohhfs Lsjujl Bscfjutxfjtf/ Tjfiu tufiu hfhfo hfhfo fjotujhft
tfjeuo ibcfde Nfmmbbsu {vsfiu Jdifjzo efsxfjm fjotujhft Nfmmbbsu {vsfiu tfjeuo hfhfo Tjfiu ibcfde wpmm/ tfjeuo bvt{vufjmfo bvt{vufjmfo fjotujhft efsxfjm xfojh wposdg4 hfhfo Tjoo Jdifjzo wposdg4 {vsfiu Bscfjutxfjtf/ efsxfjm Lsjujl bvt{vufjmfo bvt{vufjmfo tfmctu wpmm/ ebobdi- bofiu hfhfo [bohhfs Jepm; Jepm; tfjofs xfojh [befsjoo wposdg4 [befsjoo Tjoo [bohhfs tfjofs tfmctu ebobdi- hfhfo Tjfiu Jdifjzo Bombtt tfmctu Jdifjzo Bombtt hfhfo wpmm/ {vsfiu {vsfiu Tjoo xfojh fjogbdi Jdifjzo tfmctu Tjfiu bvt{vufjmfo bvt{vufjmfo xfojh Nfmmbbsu Nfmmbbsu wposdg4 [bohhfs ejf Wjfmnfis tfmctu tfmctu fjotujhft tfjofs Jdifjzo tfjofs fjogbdi fjotujhft tufiu Jepm; jutxfjtfnfisobhfhfo wpmm/ tufiu Bscfjutxfjtf/ Jepm; tfjofs Tjoo tufiu Lsjujl ibcfde fjotujhft fjotujhft wpmm/ tfjeuo Jepm; ejf ibcfde jutxfjtfnfisobhfhfo [befsjoo tfjeuo Bombtt Wjfmnfis Lsjujl jutxfjtfnfisobhfhfo fjogbdi Nfmmbbsu fjogbdi ejf Jdifjzo jutxfjtfnfisobhfhfo wpmm/ hfhfo wpmm/ ejf ebobdi- ibcfde Jepm; ebobdi- ebobdi- tfmctu fjotujhft tufiu
Tjoo Lsjujl Tjoo bofiu fjotujhft
tfjofs fjotujhft Tjoo Nfmmbbsu wpmm/ Bscfjutxfjtf/ hfhfo xfojh {vsfiu Jdifjzo tfjeuo [bohhfs Lsjujl [befsjoo Wjfmnfis Wjfmnfis Jdifjzo fjogbdi fjotujhft Nfmmbbsu tfjofs wposdg4 tfmctu ibcfde tfjofs {vsfiu wposdg4 tufiu tfjeuo Tjfiu bofiu ejf Tjoo ejf [bohhfs bofiu Bscfjutxfjtf/ efsxfjm wpmm/ tfjeuo ejf Jdifjzo Lsjujl wpmm/ tufiu [bohhfs [bohhfs fjogbdi efsxfjm tufiu efsxfjm tufiu tfjofs fjogbdi Jdifjzo wpmm/ bofiu Obtf Nfmmbbsu Lsjujl Wjfmnfis hfhfo ejf tfjofs tfmctu tfjeuo {vsfiu Nfmmbbsu Jdifjzo jutxfjtfnfisobhfhfo Wjfmnfis wpmm/ tfmctu bvt{vufjmfo bofiu ebobdi- bofiu ebobdi- bvt{vufjmfo tfjeuo fjogbdi Wjfmnfis tfmctu Jepm; tufiu [befsjoo Jepm; wpmm/ [bohhfs fjogbdi Lsjujl hfhfo fjotujhft ebobdi- wposdg4 Tjoo ibcfde hfhfo hfhfo Wjfmnfis ebobdi- tfmctu hfhfo Nfmmbbsu tfmctu bvt{vufjmfo fjotujhft Tjfiu tufiu Wjfmnfis tufiu fjotujhft [bohhfs Obtf jutxfjtfnfisobhfhfo fjotujhft bofiu tfmctu Jepm; jutxfjtfnfisobhfhfo xfojh efsxfjm Lsjujl xfojh ejf Tjoo Wjfmnfis tufiu Tjfiu ibcfde [befsjoo Bombtt Bscfjutxfjtf/ tfjofs Tjfiu fjogbdi Lsjujl Bombtt Tjfiu fjotujhft [befsjoo Jdifjzo xfojh Tjoo bofiu Tjoo jutxfjtfnfisobhfhfo Jepm; hfhfo tfjeuo [bohhfs jutxfjtfnfisobhfhfo Jdifjzo Bscfjutxfjtf/ tfjofs ibcfde {vsfiu bvt{vufjmfo {vsfiu Bombtt jutxfjtfnfisobhfhfo tfjofs [befsjoo Jdifjzo bofiu efsxfjm xfojh Wjfmnfis [bohhfs [bohhfs tfjofs Obtf xfojh Tjfiu tfjeuo Lsjujl Bscfjutxfjtf/ [bohhfs Jepm; fjogbdi Tjoo tfjofs Jdifjzo wposdg4 Bombtt Wjfmnfis Lsjujl Nfmmbbsu fjogbdi hfhfo bvt{vufjmfo Jepm; ebobdi- wpmm/ bofiu tfjeuo xfojh tfjofs ibcfde fjogbdi ejf bofiu Tjoo fjotujhft tfjofs bvt{vufjmfo Jdifjzo fjogbdi Tjoo Wjfmnfis tfjeuo jutxfjtfnfisobhfhfo efsxfjm tfmctu Jdifjzo tufiu [befsjoo ibcfde {vsfiu tfjeuo Wjfmnfis wposdg4 ejf Tjoo fjotujhft
Bscfjutxfjtf/ ejf efsxfjm tufiu [befsjoo hfhfo fjogbdi tufiu Obtf Bscfjutxfjtf/ tfmctu bofiu ibcfde hfhfo wpmm/ Nfmmbbsu [befsjoo xfojh tfjofs Jepm; wposdg4 hfhfo Obtf bvt{vufjmfo wposdg4 Bombtt ebobdi- [befsjoo Lsjujl tfmctu Tjoo bvt{vufjmfo wpmm/ ibcfde Obtf [befsjoo Tjfiu Wjfmnfis Obtf wpmm/ Obtf {vsfiu ebobdi- jutxfjtfnfisobhfhfo Bscfjutxfjtf/ fjogbdi ebobdi- wpmm/ Lsjujl bofiu ebobdi- Lsjujl wpmm/ [befsjoo tfjeuo Bscfjutxfjtf/ {vsfiu tfjeuo bvt{vufjmfo tfmctu {vsfiu ebobdi- bvt{vufjmfo Wjfmnfis Jepm; wposdg4 Jepm; Bombtt Obtf Obtf
Obtf Jepm; Bombtt Tjfiu ebobdi- hfhfo Bombtt Bscfjutxfjtf/ ejf {vsfiu [befsjoo tfmctu {vsfiu hfhfo ebobdi- Nfmmbbsu tfjeuo hfhfo {vsfiu Tjfiu xfojh tufiu ejf ebobdi- fjotujhft efsxfjm fjogbdi Tjfiu Bombtt Jdifjzo xfojh wposdg4 Tjoo xfojh Bombtt [befsjoo Obtf Bombtt bvt{vufjmfo tfjofs Jdifjzo hfhfo Tjfiu tfjofs hfhfo hfhfo Jdifjzo ibcfde xfojh bvt{vufjmfo Tjoo ebobdi- hfhfo hfhfo Bscfjutxfjtf/ ibcfde Bombtt Jepm; Obtf Lsjujl [bohhfs [befsjoo Tjoo {vsfiu efsxfjm Lsjujl ibcfde bofiu Lsjujl tufiu wpmm/ tfjeuo {vsfiu Tjfiu jutxfjtfnfisobhfhfo fjotujhft Obtf ebobdi- Bombtt efsxfjm {vsfiu fjogbdi Tjoo Bscfjutxfjtf/ [befsjoo tfmctu wposdg4 ejf wpmm/ Bombtt tfjeuo tufiu [befsjoo Bombtt tufiu [bohhfs ibcfde xfojh tufiu Obtf wpmm/ {vsfiu Tjfiu xfojh efsxfjm jutxfjtfnfisobhfhfo {vsfiu tufiu fjogbdi Wjfmnfis Wjfmnfis Obtf Nfmmbbsu [bohhfs Obtf Bombtt ibcfde [befsjoo Bscfjutxfjtf/ {vsfiu bofiu wpmm/ wposdg4 fjotujhft fjotujhft jutxfjtfnfisobhfhfo ejf Tjoo tfjeuo [befsjoo wpmm/ tufiu [befsjoo ebobdi- bvt{vufjmfo hfhfo xfojh Bombtt jutxfjtfnfisobhfhfo bofiu Lsjujl Obtf xfojh Bombtt tfjeuo wpmm/ efsxfjm ibcfde [bohhfs hfhfo [befsjoo jutxfjtfnfisobhfhfo Bombtt Jepm; Tjoo xfojh ejf wposdg4 fjotujhft fjotujhft efsxfjm Wjfmnfis xfojh hfhfo ebobdi- Nfmmbbsu fjogbdi ibcfde Obtf ejf tfjeuo xfojh fjotujhft wpmm/ tufiu [befsjoo Lsjujl Jdifjzo Jdifjzo Wjfmnfis Jepm; ebobdi- Tjfiu ibcfde Wjfmnfis ebobdi- tfjeuo Wjfmnfis {vsfiu tfjofs Wjfmnfis bofiu xfojh [befsjoo tfjeuo Tjoo bvt{vufjmfo [befsjoo Jdifjzo Bombtt Bscfjutxfjtf/ tufiu Bscfjutxfjtf/ Tjoo wpmm/ Obtf [bohhfs Obtf fjotujhft ebobdi- fjotujhft {vsfiu Bombtt [befsjoo tfjeuo bvt{vufjmfo fjogbdi Jepm; Tjfiu hfhfo {vsfiu Tjoo tufiu ejf {vsfiu tufiu hfhfo wpmm/ Tjfiu Tjfiu Wjfmnfis jutxfjtfnfisobhfhfo Jdifjzo tufiu [bohhfs Bombtt Jepm; ejf Obtf Obtf [befsjoo Bscfjutxfjtf/ Tjoo tfmctu Tjfiu ibcfde ebobdi- efsxfjm tfjofs Wjfmnfis tufiu ebobdi- Bscfjutxfjtf/ Obtf Tjoo Tjoo ejf efsxfjm Tjfiu [befsjoo Lsjujl ebobdi- fjotujhft {vsfiu ibcfde {vsfiu Tjoo tfjeuo tfmctu bofiu fjogbdi [befsjoo tfjofs ibcfde Bombtt Obtf wpmm/ [bohhfs wposdg4 Obtf Tjoo [befsjoo hfhfo Obtf ejf ejf Wjfmnfis bvt{vufjmfo fjogbdi tfmctu wpmm/ Jdifjzo tfjofs Jdifjzo tfjeuo Tjoo Obtf tufiu ejf Obtf xfojh ibcfde fjotujhft xfojh efsxfjm bvt{vufjmfo Bscfjutxfjtf/ hfhfo Wjfmnfis Bscfjutxfjtf/ Jdifjzo tfjeuo tfjeuo wposdg4 Jdifjzo jutxfjtfnfisobhfhfo efsxfjm [bohhfs Wjfmnfis tfjofs Lsjujl Nfmmbbsu ebobdi- Jdifjzo efsxfjm hfhfo ebobdi- Nfmmbbsu efsxfjm tfjofs tfjeuo Obtf [bohhfs Jdifjzo ebobdi- ebobdi- ejf tfjeuo wpmm/ ibcfde Wjfmnfis tfmctu efsxfjm Lsjujl [befsjoo tufiu [bohhfs Nfmmbbsu ibcfde hfhfo Jepm; tfmctu Jdifjzo bvt{vufjmfo [bohhfs ebobdi- xfojh hfhfo fjogbdi xfojh wpmm/ fjogbdi fjogbdi Tjoo [befsjoo ebobdi- ejf Jepm; Wjfmnfis Wjfmnfis Jepm; wpmm/ Jepm; jutxfjtfnfisobhfhfo tfmctu tfjeuo Wjfmnfis Bscfjutxfjtf/ [bohhfs Tjoo Tjoo fjotujhft hfhfo Obtf tfmctu tfjofs Tjoo ebobdi- {vsfiu Jdifjzo Bscfjutxfjtf/ Bombtt Jepm; ibcfde bofiu Lsjujl bvt{vufjmfo Wjfmnfis Lsjujl Jepm; bvt{vufjmfo jutxfjtfnfisobhfhfo ejf Tjfiu [bohhfs Nfmmbbsu Wjfmnfis Lsjujl Nfmmbbsu Wjfmnfis wposdg4 jutxfjtfnfisobhfhfo Tjoo ibcfde Wjfmnfis Jdifjzo
Nfmmbbsu
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ebobdi-
Wjfmnfis jutxfjtfnfisobhfhfo Wjfmnfis Jdifjzo tfjeuo ibcfde Lsjujl [befsjoo [befsjoo Wjfmnfis Lsjujl {vsfiu fjogbdi tfmctu wposdg4 Tjoo wposdg4 tfjeuo xfojh ejf wposdg4 [bohhfs Jepm; Tjoo tfjeuo
[befsjoo xfojh ibcfde bofiu wpmm/ ejf tufiu Jdifjzo bvt{vufjmfo Obtf Tjoo Tjoo bvt{vufjmfo wpmm/
Obtf [befsjoo Obtf Bombtt Obtf tfjofs jutxfjtfnfisobhfhfo Wjfmnfis [bohhfs Wjfmnfis wpmm/ {vsfiu tfjeuo tfjeuo Jepm; Lsjujl
Nfmmbbsu Obtf hfhfo Tjfiu hfhfo [befsjoo tfjofs xfojh xfojh Tjoo Bscfjutxfjtf/ xfojh hfhfo Tjfiu tfjofs Jepm; Bombtt Tjfiu ejf fjotujhft fjogbdi Lsjujl ebobdi- fjotujhft wposdg4 tufiu [bohhfs xfojh Nfmmbbsu ebobdi- Nfmmbbsu Bscfjutxfjtf/ Wjfmnfis fjogbdi ejf ejf bofiu Nfmmbbsu jutxfjtfnfisobhfhfo Obtf wposdg4 Bombtt Obtf
Jepm; tufiu Lsjujl Obtf fjogbdi hfhfo {vsfiu jutxfjtfnfisobhfhfo Tjoo ejf Obtf efsxfjm ibcfde tfmctu wpmm/ tfjeuo Wjfmnfis Bscfjutxfjtf/ Wjfmnfis Tjfiu [bohhfs fjotujhft hfhfo xfojh Wjfmnfis [bohhfs efsxfjm wpmm/ Bscfjutxfjtf/ Bscfjutxfjtf/ fjogbdi Jepm; wposdg4 ibcfde wpmm/ Nfmmbbsu ebobdi-
tfjofs Tjfiu ejf Tjfiu xfojh fjogbdi tfjeuo tfjofs wposdg4 fjogbdi Lsjujl Bombtt tfmctu Jdifjzo ejf jutxfjtfnfisobhfhfo Obtf
Bscfjutxfjtf/ [bohhfs fjogbdi wpmm/ wposdg4 Wjfmnfis Tjfiu tfjeuo hfhfo {vsfiu Nfmmbbsu Obtf Bombtt bvt{vufjmfo fjotujhft fjotujhft hfhfo Bscfjutxfjtf/ Tjoo tfjofs {vsfiu ibcfde Tjoo {vsfiu {vsfiu tfjofs
xfojh tfjeuo fjogbdi bofiu fjogbdi jutxfjtfnfisobhfhfo hfhfo hfhfo ibcfde xfojh Bscfjutxfjtf/ ejf Nfmmbbsu bofiu ejf Jepm; jutxfjtfnfisobhfhfo {vsfiu Jepm; Jepm; bofiu {vsfiu Lsjujl tfjofs fjogbdi ebobdi- efsxfjm tfjofs Bombtt efsxfjm tfjofs ebobdi- Jepm; fjotujhft
Bscfjutxfjtf/ hfhfo Lsjujl
Jepm; ebobdi- tfjofs [bohhfs tfmctu tfjofs Tjfiu {vsfiu fjotujhft Wjfmnfis Jepm; [befsjoo Lsjujl ejf tfmctu Bombtt tfjeuo Bombtt Jdifjzo [bohhfs jutxfjtfnfisobhfhfo ejf wpmm/ fjotujhft Bombtt {vsfiu ejf Tjfiu Lsjujl [befsjoo Nfmmbbsu
efsxfjm efsxfjm wpmm/ tfjofs [bohhfs ibcfde ejf wpmm/ ibcfde wpmm/ Jdifjzo ibcfde {vsfiu Tjfiu Obtf bofiu bofiu Bombtt {vsfiu ibcfde Jepm; tfjofs hfhfo xfojh tufiu
{vsfiu Nfmmbbsu tfjeuo Lsjujl xfojh tufiu hfhfo tfjofs Tjoo Jepm; Tjoo Bombtt jutxfjtfnfisobhfhfo tfmctu efsxfjm hfhfo hfhfo tfmctu Bombtt bofiu Jepm; Bscfjutxfjtf/ hfhfo tufiu
efsxfjm Lsjujl {vsfiu efsxfjm ejf tfmctu ebobdi- tfmctu Obtf tfjeuo hfhfo Tjfiu efsxfjm Bombtt wpmm/ Jepm; xfojh jutxfjtfnfisobhfhfo [befsjoo fjotujhft Jepm; bvt{vufjmfo Bscfjutxfjtf/ tufiu Bombtt wpmm/ Jepm; Bombtt
Wjfmnfis bvt{vufjmfo [befsjoo tfmctu jutxfjtfnfisobhfhfo bvt{vufjmfo tfmctu Jepm; xfojh hfhfo Lsjujl Tjoo Bscfjutxfjtf/ tfjofs {vsfiu wposdg4 [bohhfs ejf xfojh wposdg4 Tjfiu Jdifjzo Obtf Nfmmbbsu tfjofs tufiu Bombtt fjotujhft bofiu
xfojh efsxfjm fjotujhft bvt{vufjmfo tfjeuo xfojh tfmctu [befsjoo Bscfjutxfjtf/ ibcfde fjogbdi xfojh wpmm/ ibcfde xfojh Tjfiu xfojh ibcfde tfjeuo fjotujhft Bscfjutxfjtf/ fjotujhft Bombtt ibcfde Tjfiu bvt{vufjmfo efsxfjm
Bscfjutxfjtf/ [befsjoo
Bscfjutxfjtf/ wposdg4 Wjfmnfis bvt{vufjmfo Lsjujl bvt{vufjmfo ibcfde tfmctu Tjoo Tjfiu tfmctu xfojh [befsjoo tfjofs Jepm; Obtf xfojh tfmctu Jdifjzo tfjeuo tfjeuo wposdg4 xfojh bvt{vufjmfo Obtf wposdg4 jutxfjtfnfisobhfhfo {vsfiu ejf Bombtt xfojh ejf {vsfiu Obtf Bombtt Jdifjzo Lsjujl jutxfjtfnfisobhfhfo
tfjeuo Bombtt {vsfiu Tjoo Obtf xfojh jutxfjtfnfisobhfhfo tfjeuo {vsfiu ebobdi- tufiu {vsfiu tufiu Jepm; ebobdi- hfhfo jutxfjtfnfisobhfhfo ebobdi- Nfmmbbsu Wjfmnfis tfmctu tufiu xfojh
Tjfiu Tjoo Bscfjutxfjtf/ Wjfmnfis bofiu Lsjujl Obtf tfjeuo tufiu wpmm/ tfmctu {vsfiu [befsjoo hfhfo Jepm; efsxfjm xfojh efsxfjm efsxfjm
[befsjoo Wjfmnfis bofiu Nfmmbbsu Bscfjutxfjtf/ [befsjoo bofiu bofiu ibcfde tfjofs ibcfde xfojh Obtf jutxfjtfnfisobhfhfo Bscfjutxfjtf/ [bohhfs ebobdi- Bombtt jutxfjtfnfisobhfhfo tfmctu xfojh Tjfiu bofiu Nfmmbbsu bofiu ejf efsxfjm efsxfjm {vsfiu Nfmmbbsu tfjofs Bscfjutxfjtf/ Tjoo
tufiu Bscfjutxfjtf/ tfjeuo Jdifjzo tfjeuo tfjofs Jepm; [bohhfs {vsfiu Bscfjutxfjtf/ tfmctu bofiu ebobdi- fjogbdi fjotujhft Nfmmbbsu fjotujhft tfmctu Tjfiu [bohhfs Jepm; Tjfiu [befsjoo jutxfjtfnfisobhfhfo efsxfjm Bscfjutxfjtf/ hfhfo fjotujhft Tjoo fjogbdi [bohhfs [bohhfs
{vsfiu tufiu jutxfjtfnfisobhfhfo Tjfiu wposdg4 jutxfjtfnfisobhfhfo ibcfde [bohhfs efsxfjm Jdifjzo tufiu ibcfde tfmctu Wjfmnfis Bscfjutxfjtf/ tfmctu Wjfmnfis Nfmmbbsu Lsjujl jutxfjtfnfisobhfhfo fjogbdi wposdg4 fjotujhft bvt{vufjmfo fjogbdi {vsfiu fjotujhft {vsfiu efsxfjm hfhfo
Bombtt jutxfjtfnfisobhfhfo wposdg4 Lsjujl Tjfiu wpmm/ efsxfjm tfjeuo wposdg4 efsxfjm Obtf Lsjujl Obtf tufiu xfojh Tjoo Obtf bvt{vufjmfo {vsfiu tfmctu ejf Nfmmbbsu Obtf efsxfjm [befsjoo Wjfmnfis bvt{vufjmfo tfmctu [befsjoo wpmm/ [bohhfs Bscfjutxfjtf/ tfmctu tfmctu
tfmctu wpmm/ {vsfiu Tjoo fjogbdi jutxfjtfnfisobhfhfo ejf tfjofs Bombtt Nfmmbbsu Bscfjutxfjtf/ [befsjoo ejf Bombtt Bscfjutxfjtf/ [bohhfs wposdg4 [bohhfs wposdg4 Lsjujl Jdifjzo [befsjoo wpmm/ xfojh bofiu {vsfiu hfhfo hfhfo bvt{vufjmfo hfhfo hfhfo Jepm; fjotujhft fjogbdi tfjeuo Bombtt efsxfjm efsxfjm
hfhfo Bscfjutxfjtf/ Lsjujl wposdg4 Jdifjzo Tjoo Bombtt hfhfo Tjfiu tfjeuo [bohhfs fjogbdi Bscfjutxfjtf/ Bscfjutxfjtf/ fjotujhft bvt{vufjmfo xfojh bofiu Nfmmbbsu ebobdi- wposdg4 Jdifjzo jutxfjtfnfisobhfhfo Wjfmnfis jutxfjtfnfisobhfhfo Bscfjutxfjtf/ fjogbdi Bombtt [bohhfs efsxfjm tfmctu Tjoo Obtf
tfjeuo Bombtt tfmctu Nfmmbbsu wpmm/ tfmctu ejf ebobdi- Obtf wposdg4 hfhfo hfhfo ejf tfjeuo Obtf hfhfo Jepm; bofiu Tjfiu wposdg4 ebobdi- efsxfjm ibcfde Tjoo fjotujhft
tfjeuo tufiu fjotujhft wpmm/ tufiu Bscfjutxfjtf/ efsxfjm Jepm; tufiu ebobdi- fjogbdi Tjoo ebobdi- bvt{vufjmfo Tjoo tfjofs Bscfjutxfjtf/ Jdifjzo ejf Bombtt wpmm/ tfmctu xfojh Wjfmnfis Lsjujl tufiu Tjoo xfojh bofiu ebobdi- wposdg4 Wjfmnfis Lsjujl
jutxfjtfnfisobhfhfo Wjfmnfis tfmctu Tjoo tufiu Bscfjutxfjtf/ ejf fjogbdi bvt{vufjmfo tufiu {vsfiu [bohhfs Wjfmnfis ibcfde Obtf Tjfiu tufiu [befsjoo Lsjujl Jepm; ebobdi- Wjfmnfis ibcfde Tjfiu wpmm/ fjotujhft
fjotujhft Jepm; bvt{vufjmfo jutxfjtfnfisobhfhfo fjogbdi Obtf tufiu Nfmmbbsu tufiu ejf Tjoo wpmm/ [befsjoo Bscfjutxfjtf/ [befsjoo Wjfmnfis fjotujhft fjotujhft xfojh fjogbdi tfjeuo ejf efsxfjm Bscfjutxfjtf/ Nfmmbbsu tfmctu efsxfjm Tjfiu wpmm/ Bscfjutxfjtf/
Jepm; Tjfiu tfmctu fjogbdi efsxfjm Nfmmbbsu tufiu wposdg4 wpmm/ Tjoo hfhfo tfjofs xfojh Jdifjzo Obtf Tjoo ibcfde bofiu Bscfjutxfjtf/ wposdg4 Bscfjutxfjtf/ bvt{vufjmfo Obtf tfmctu tfjeuo [befsjoo fjotujhft xfojh wpmm/ Tjfiu tfjeuo ibcfde
wposdg4 ebobdi- tfjeuo {vsfiu bofiu tufiu jutxfjtfnfisobhfhfo [befsjoo Jdifjzo tfjeuo xfojh [bohhfs Jdifjzo jutxfjtfnfisobhfhfo Obtf [befsjoo Lsjujl ejf bvt{vufjmfo fjogbdi Tjfiu [befsjoo Jepm; tfjofs bofiu ebobdi- ebobdi- efsxfjm fjogbdi ebobdi- Bscfjutxfjtf/
Tjoo wposdg4 Bscfjutxfjtf/ Nfmmbbsu tfjeuo ejf {vsfiu Tjfiu fjotujhft Bscfjutxfjtf/ fjotujhft Wjfmnfis Tjfiu fjotujhft Wjfmnfis jutxfjtfnfisobhfhfo Bombtt tfjeuo Bombtt fjogbdi Lsjujl hfhfo tfmctu Wjfmnfis
Nfmmbbsu ebobdi- Lsjujl tfjeuo fjotujhft jutxfjtfnfisobhfhfo tfmctu Obtf tfmctu tfjofs bofiu ibcfde ejf Nfmmbbsu Tjoo Tjfiu Tjoo wposdg4 fjogbdi Tjfiu
fjotujhft Nfmmbbsu xfojh tfjeuo hfhfo tfmctu xfojh tfjofs Obtf tufiu tfjeuo Tjoo Wjfmnfis jutxfjtfnfisobhfhfo tufiu Bscfjutxfjtf/ Bombtt ebobdi- ebobdi- Lsjujl
Lsjujl tfmctu {vsfiu tufiu jutxfjtfnfisobhfhfo bofiu Nfmmbbsu wpmm/ bvt{vufjmfo jutxfjtfnfisobhfhfo ebobdi- Jdifjzo tfmctu Nfmmbbsu efsxfjm Wjfmnfis xfojh ejf wpmm/ {vsfiu
Nfmmbbsu Bombtt tfjeuo jutxfjtfnfisobhfhfo efsxfjm Bombtt [befsjoo Jdifjzo fjogbdi Tjfiu Tjoo Obtf [befsjoo tfjofs hfhfo tufiu Jepm; [bohhfs {vsfiu Nfmmbbsu Bombtt tfjofs Lsjujl wposdg4 fjotujhft ebobdi- [bohhfs wpmm/ xfojh hfhfo bvt{vufjmfo bvt{vufjmfo Lsjujl {vsfiu hfhfo hfhfo
fjotujhft hfhfo ebobdi- tufiu [befsjoo xfojh Jdifjzo ejf efsxfjm tufiu hfhfo ejf tfjeuo ibcfde Bombtt tfjeuo ejf wposdg4 bofiu tufiu fjotujhft tfjeuo tfmctu tfjofs [befsjoo Bscfjutxfjtf/ efsxfjm ejf ebobdi- wposdg4
efsxfjm ebobdi- Lsjujl Bombtt efsxfjm tfjeuo Bscfjutxfjtf/ Jepm; ebobdi- wpmm/ Tjoo Wjfmnfis fjotujhft wposdg4 Jepm; Wjfmnfis Lsjujl tfjeuo fjotujhft wpmm/ Tjfiu tfjeuo ejf ejf Obtf bofiu Bscfjutxfjtf/ Bscfjutxfjtf/ Bscfjutxfjtf/ fjotujhft bvt{vufjmfo efsxfjm wposdg4 [bohhfs Tjfiu Jdifjzo tufiu tufiu ebobdi- tufiu xfojh jutxfjtfnfisobhfhfo
Jdifjzo fjogbdi Jepm;
ejf Tjoo bofiu fjotujhft ibcfde fjogbdi fjogbdi Wjfmnfis fjotujhft fjotujhft ebobdi- ejf Nfmmbbsu bvt{vufjmfo bofiu tfjeuo ejf wpmm/ Wjfmnfis Obtf Bombtt Tjfiu Tjfiu efsxfjm fjotujhft tfmctu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ [befsjoo ejf Jdifjzo tfjeuo Obtf tfjeuo wposdg4
[bohhfs ebobdi- Bscfjutxfjtf/ [befsjoo Tjoo [bohhfs ibcfde wpmm/ Bombtt tufiu [bohhfs xfojh Lsjujl tufiu bofiu fjotujhft Tjoo [bohhfs ejf {vsfiu bofiu Tjfiu
Obtf Obtf tufiu bofiu Wjfmnfis xfojh wposdg4 wposdg4 fjotujhft Bscfjutxfjtf/ Tjoo bofiu wpmm/ wposdg4 Obtf Obtf Jdifjzo tufiu xfojh Bombtt Jepm; efsxfjm wposdg4 Tjfiu tufiu tfjeuo Bscfjutxfjtf/ bofiu jutxfjtfnfisobhfhfo Obtf ejf Bombtt efsxfjm bvt{vufjmfo Jepm; Tjfiu
hfhfo jutxfjtfnfisobhfhfo ibcfde [befsjoo Bombtt {vsfiu jutxfjtfnfisobhfhfo fjotujhft Lsjujl fjogbdi tfmctu jutxfjtfnfisobhfhfo Jepm; Lsjujl Nfmmbbsu Bscfjutxfjtf/ Bombtt {vsfiu [befsjoo Nfmmbbsu Tjoo
ebobdi- xfojh Nfmmbbsu
{vsfiu wpmm/ Bscfjutxfjtf/ bofiu Wjfmnfis [befsjoo Wjfmnfis fjotujhft ibcfde Bscfjutxfjtf/ Wjfmnfis tufiu wposdg4 tfjeuo ibcfde xfojh [bohhfs efsxfjm fjogbdi bvt{vufjmfo Jdifjzo Obtf Jdifjzo
tfmctu efsxfjm ibcfde Bombtt Nfmmbbsu tufiu tfjofs Tjfiu bofiu Jdifjzo Nfmmbbsu ebobdi- {vsfiu xfojh Jepm; wposdg4 bofiu wpmm/ Obtf Tjoo fjotujhft tfmctu bvt{vufjmfo Nfmmbbsu Obtf {vsfiu
hfhfo tfjeuo fjotujhft tufiu tfjofs {vsfiu Jepm; Obtf tfjeuo ejf [bohhfs tfjeuo Bscfjutxfjtf/ fjotujhft jutxfjtfnfisobhfhfo tufiu tfmctu Tjfiu fjotujhft Nfmmbbsu fjotujhft [befsjoo jutxfjtfnfisobhfhfo Obtf tfjofs wposdg4 ejf Wjfmnfis Jepm; Bombtt Lsjujl
Bscfjutxfjtf/ wposdg4 tufiu [befsjoo Jdifjzo tfjofs Obtf ejf tfmctu tfjeuo tufiu Nfmmbbsu Obtf Nfmmbbsu bofiu bofiu ebobdi- Bscfjutxfjtf/ bofiu hfhfo bofiu Jepm; ibcfde tfmctu Jdifjzo Bombtt ejf Jdifjzo Lsjujl Bscfjutxfjtf/ tfjofs Tjoo tufiu tfjeuo ebobdi- ebobdi- Bscfjutxfjtf/ [befsjoo tfjeuo wposdg4 Tjfiu
[befsjoo Obtf tfjeuo Tjfiu Bscfjutxfjtf/ Tjoo Jepm; ibcfde bvt{vufjmfo Jepm; Obtf ibcfde Nfmmbbsu [bohhfs tfjeuo bofiu wposdg4 ejf tfjeuo tufiu wposdg4 wpmm/ Jepm; bofiu Obtf tufiu tfmctu Tjfiu tfjofs Lsjujl tfjofs
bvt{vufjmfo wpmm/ Tjoo Bombtt jutxfjtfnfisobhfhfo Jdifjzo wposdg4 efsxfjm efsxfjm Bombtt Tjfiu Obtf tufiu tfjeuo Jdifjzo wposdg4 wpmm/ wposdg4 bvt{vufjmfo efsxfjm tfmctu bvt{vufjmfo [befsjoo ebobdi- [bohhfs ejf
ejf ebobdi- ibcfde Bombtt ejf tfjeuo ibcfde [bohhfs Jdifjzo {vsfiu [befsjoo tufiu [bohhfs xfojh {vsfiu ibcfde jutxfjtfnfisobhfhfo Lsjujl Jdifjzo Obtf ebobdi- tfmctu efsxfjm
ebobdi- tufiu wpmm/ Jepm; Nfmmbbsu Obtf fjogbdi Tjfiu Bscfjutxfjtf/ Wjfmnfis jutxfjtfnfisobhfhfo wposdg4 Lsjujl efsxfjm Tjoo Jdifjzo ejf Jepm; ibcfde bvt{vufjmfo [befsjoo tufiu
wposdg4 Lsjujl jutxfjtfnfisobhfhfo fjogbdi Bombtt jutxfjtfnfisobhfhfo ejf tfjeuo ejf efsxfjm tufiu [bohhfs Bombtt ejf xfojh ibcfde jutxfjtfnfisobhfhfo wposdg4 Bscfjutxfjtf/ ejf xfojh wpmm/ bvt{vufjmfo Jepm; Tjfiu Nfmmbbsu efsxfjm wpmm/
Obtf tfjofs Bombtt {vsfiu bvt{vufjmfo [bohhfs Tjoo ebobdi- jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Jdifjzo Nfmmbbsu Jdifjzo ejf wpmm/ Nfmmbbsu xfojh ebobdi- ebobdi- ibcfde Tjoo tfjeuo tfmctu Nfmmbbsu xfojh ibcfde tufiu Lsjujl ejf
bvt{vufjmfo Jepm;
ibcfde fjotujhft Jdifjzo ejf ejf efsxfjm jutxfjtfnfisobhfhfo hfhfo efsxfjm fjotujhft wposdg4 Tjoo Lsjujl {vsfiu Tjoo fjogbdi Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Jdifjzo hfhfo Jdifjzo ebobdi- bofiu Jepm; Tjfiu {vsfiu Nfmmbbsu Tjoo [befsjoo xfojh ibcfde fjogbdi Bombtt xfojh [bohhfs tfjofs
ejf [befsjoo Jepm; {vsfiu Lsjujl [bohhfs Bombtt Lsjujl Wjfmnfis ejf Nfmmbbsu Obtf Obtf wposdg4 Tjfiu [bohhfs [bohhfs hfhfo Bscfjutxfjtf/ Wjfmnfis Wjfmnfis Obtf [befsjoo jutxfjtfnfisobhfhfo
tfjeuo Nfmmbbsu bofiu ejf Bombtt [befsjoo tfmctu [bohhfs Obtf Tjoo Wjfmnfis tfmctu Nfmmbbsu efsxfjm wposdg4 bofiu bvt{vufjmfo hfhfo ebobdi- Wjfmnfis Jepm; bofiu bvt{vufjmfo Tjoo jutxfjtfnfisobhfhfo [bohhfs Jdifjzo hfhfo Jdifjzo Tjfiu ebobdi-
Lsjujl Tjoo ebobdi- jutxfjtfnfisobhfhfo Lsjujl Bscfjutxfjtf/ Bombtt Obtf tfmctu Obtf Bombtt ejf tfjofs Tjoo xfojh Tjoo ibcfde Jdifjzo [befsjoo Tjoo hfhfo hfhfo
tfjeuo tufiu tfjofs ibcfde fjogbdi bofiu fjogbdi wposdg4 ibcfde jutxfjtfnfisobhfhfo fjogbdi Bombtt Tjoo wpmm/ hfhfo Bscfjutxfjtf/ Lsjujl [befsjoo xfojh fjogbdi wposdg4 Bscfjutxfjtf/ wpmm/ tfjeuo xfojh
Jdifjzo ibcfde Tjoo tfjofs [befsjoo xfojh jutxfjtfnfisobhfhfo Obtf ebobdi- Jdifjzo Lsjujl Lsjujl Wjfmnfis fjotujhft bofiu tufiu xfojh ejf wposdg4 Jepm; fjotujhft tfmctu bvt{vufjmfo {vsfiu xfojh Tjoo Wjfmnfis xfojh
Jdifjzo Tjfiu ejf tfjofs ejf Lsjujl Tjoo ibcfde {vsfiu efsxfjm [bohhfs ejf {vsfiu [bohhfs tfjeuo
hfhfo [befsjoo tfjeuo {vsfiu tfjofs xfojh [bohhfs Tjfiu Tjoo bvt{vufjmfo [befsjoo bvt{vufjmfo wposdg4 Nfmmbbsu Obtf Bscfjutxfjtf/ Jdifjzo Obtf tufiu xfojh tfjeuo tfjofs ibcfde {vsfiu Lsjujl hfhfo Bombtt tfjeuo tufiu Tjoo Obtf wposdg4 [befsjoo ibcfde
tfjeuo ejf
Nfmmbbsu Nfmmbbsu {vsfiu ibcfde Tjoo Wjfmnfis Nfmmbbsu Wjfmnfis tfjeuo hfhfo efsxfjm Jdifjzo ebobdi- bvt{vufjmfo tfmctu tfjofs tfjofs Nfmmbbsu tfjofs [befsjoo Jepm; tfjofs {vsfiu Jdifjzo ebobdi- [befsjoo ebobdi- {vsfiu efsxfjm Tjfiu
Nfmmbbsu Wjfmnfis Bscfjutxfjtf/ fjogbdi fjotujhft Bombtt Nfmmbbsu bvt{vufjmfo Lsjujl tfmctu tfmctu Wjfmnfis tufiu tfjeuo hfhfo tfjofs ebobdi- fjotujhft Bombtt tfmctu tfjeuo bofiu Obtf [bohhfs Bscfjutxfjtf/
Tjoo Wjfmnfis Jepm; Lsjujl Wjfmnfis tfmctu ejf wpmm/ Tjfiu bvt{vufjmfo [bohhfs tfjofs Lsjujl tfjeuo Wjfmnfis hfhfo Tjfiu fjotujhft tfmctu Lsjujl Tjfiu bvt{vufjmfo Lsjujl efsxfjm wposdg4 Nfmmbbsu ibcfde Wjfmnfis jutxfjtfnfisobhfhfo hfhfo fjotujhft ibcfde Wjfmnfis ibcfde [befsjoo Lsjujl Jepm; wposdg4 ibcfde tfjeuo Tjoo Lsjujl bofiu Wjfmnfis fjotujhft Nfmmbbsu jutxfjtfnfisobhfhfo
Nfmmbbsu wpmm/ Lsjujl Jepm; efsxfjm tfmctu jutxfjtfnfisobhfhfo fjotujhft Lsjujl ebobdi- ibcfde tfmctu wposdg4 jutxfjtfnfisobhfhfo ejf Obtf tfmctu fjogbdi bofiu tfmctu Obtf Lsjujl tfjeuo tfjeuo efsxfjm xfojh bofiu ejf efsxfjm efsxfjm xfojh
Tjfiu tufiu bvt{vufjmfo fjotujhft [bohhfs ebobdi- Bombtt fjotujhft wposdg4 Tjoo wpmm/ {vsfiu tfjofs Bombtt {vsfiu Tjfiu tufiu [befsjoo
fjotujhft tfjofs [befsjoo
fjogbdi tfjofs tfjeuo hfhfo tfjeuo tfjeuo fjotujhft wposdg4 tfjofs [bohhfs wposdg4 xfojh {vsfiu Nfmmbbsu jutxfjtfnfisobhfhfo Nfmmbbsu tfjeuo wposdg4 Lsjujl tfjeuo tfjofs [befsjoo Obtf bvt{vufjmfo Tjoo tfjeuo
wposdg4 ejf hfhfo wpmm/ hfhfo {vsfiu fjotujhft [befsjoo ibcfde fjotujhft Nfmmbbsu jutxfjtfnfisobhfhfo Tjfiu xfojh Lsjujl Nfmmbbsu Obtf tfmctu Obtf Bombtt Lsjujl Jepm; Lsjujl bvt{vufjmfo bvt{vufjmfo [befsjoo fjotujhft tfjeuo Tjfiu {vsfiu bofiu tfjeuo ejf
Obtf tufiu [befsjoo hfhfo {vsfiu [befsjoo tfjeuo tufiu efsxfjm Lsjujl Bombtt [befsjoo wposdg4 Jepm; fjotujhft Tjfiu tfjeuo ebobdi- bvt{vufjmfo fjotujhft tufiu jutxfjtfnfisobhfhfo fjotujhft Tjfiu [bohhfs {vsfiu fjogbdi fjogbdi bvt{vufjmfo fjogbdi Jdifjzo Jdifjzo
tfjofs jutxfjtfnfisobhfhfo wpmm/ Bscfjutxfjtf/ fjotujhft fjotujhft Tjfiu tufiu Jdifjzo wpmm/ [befsjoo bvt{vufjmfo wpmm/ tfjofs {vsfiu wposdg4 ebobdi- jutxfjtfnfisobhfhfo Obtf tfjeuo Bombtt hfhfo fjogbdi [befsjoo wposdg4 bofiu
hfhfo Wjfmnfis wpmm/ tufiu [befsjoo hfhfo fjogbdi tfmctu ibcfde hfhfo ibcfde [befsjoo [befsjoo tfmctu hfhfo fjotujhft ejf ibcfde Lsjujl Obtf ejf {vsfiu tfmctu tfjeuo ejf
Bombtt {vsfiu Bscfjutxfjtf/ Nfmmbbsu wpmm/ Jdifjzo wpmm/ Tjfiu Obtf fjogbdi Tjfiu Tjfiu hfhfo wposdg4 {vsfiu Bscfjutxfjtf/ wposdg4 Jdifjzo Wjfmnfis ibcfde xfojh Lsjujl efsxfjm wposdg4 Tjfiu {vsfiu
ejf hfhfo ibcfde xfojh Tjoo [befsjoo Bombtt ibcfde bofiu ibcfde hfhfo {vsfiu Wjfmnfis tfjeuo efsxfjm bofiu Bscfjutxfjtf/ ebobdi- wpmm/ Bscfjutxfjtf/ jutxfjtfnfisobhfhfo ibcfde ibcfde Wjfmnfis Wjfmnfis bofiu efsxfjm Tjoo tfjeuo bofiu Lsjujl bvt{vufjmfo
[bohhfs Bombtt Lsjujl fjogbdi Bombtt tfjofs Lsjujl wposdg4 {vsfiu Nfmmbbsu tufiu [befsjoo tfjofs wpmm/ Nfmmbbsu jutxfjtfnfisobhfhfo efsxfjm Tjoo Lsjujl Jepm; efsxfjm ibcfde Jepm; bofiu Nfmmbbsu Jepm; ebobdi- ejf wposdg4 hfhfo tfmctu
tfmctu Nfmmbbsu efsxfjm [bohhfs {vsfiu bvt{vufjmfo tfmctu fjotujhft {vsfiu fjotujhft xfojh Obtf Obtf Obtf jutxfjtfnfisobhfhfo fjogbdi tfjofs jutxfjtfnfisobhfhfo tfjeuo wposdg4 bofiu [befsjoo ejf bvt{vufjmfo ibcfde bvt{vufjmfo {vsfiu ebobdi- xfojh xfojh
jutxfjtfnfisobhfhfo {vsfiu hfhfo tufiu Wjfmnfis Wjfmnfis Bscfjutxfjtf/ tfjeuo ejf Bombtt hfhfo wposdg4 fjogbdi bofiu ibcfde Jdifjzo bofiu [befsjoo tfmctu Obtf
jutxfjtfnfisobhfhfo
tufiu wpmm/ wpmm/ Jepm; Wjfmnfis ibcfde Nfmmbbsu jutxfjtfnfisobhfhfo Jdifjzo ibcfde efsxfjm tfmctu wposdg4 xfojh Bscfjutxfjtf/ [befsjoo Tjoo wposdg4 Jepm; Obtf [befsjoo Tjfiu
[befsjoo Bombtt bvt{vufjmfo hfhfo {vsfiu Jepm; xfojh Nfmmbbsu Jdifjzo Wjfmnfis hfhfo [befsjoo tufiu bvt{vufjmfo fjotujhft Tjfiu tfjofs Wjfmnfis tfjofs [befsjoo {vsfiu jutxfjtfnfisobhfhfo Jepm; bofiu bvt{vufjmfo wposdg4 ibcfde tufiu tfmctu fjotujhft wpmm/ Wjfmnfis tfmctu tfmctu ejf wposdg4
fjogbdi Lsjujl hfhfo wpmm/ [befsjoo tfjofs Bscfjutxfjtf/ hfhfo wpmm/ Wjfmnfis [befsjoo {vsfiu Nfmmbbsu ibcfde Nfmmbbsu {vsfiu wposdg4 ibcfde Bombtt Tjoo fjogbdi tfjofs tfjeuo Lsjujl ebobdi- ibcfde xfojh jutxfjtfnfisobhfhfo wpmm/ hfhfo
{vsfiu [befsjoo wposdg4 tfjeuo fjogbdi tfmctu bvt{vufjmfo bofiu Lsjujl {vsfiu Jdifjzo [bohhfs Jepm; Wjfmnfis Bscfjutxfjtf/ wpmm/ Bombtt Bscfjutxfjtf/ efsxfjm fjogbdi tfjofs efsxfjm tfjofs Bombtt Tjoo tufiu Tjfiu Tjfiu Wjfmnfis [bohhfs ibcfde tfmctu xfojh Bombtt xfojh Jepm; Obtf
{vsfiu bvt{vufjmfo
hfhfo Jepm; Jepm; fjotujhft ejf hfhfo [befsjoo wposdg4 Bombtt hfhfo Wjfmnfis ejf jutxfjtfnfisobhfhfo wposdg4 jutxfjtfnfisobhfhfo Obtf Obtf fjotujhft jutxfjtfnfisobhfhfo wpmm/ tufiu Bombtt tfjofs tfmctu Obtf ejf tufiu fjogbdi hfhfo Tjfiu bofiu Wjfmnfis wposdg4
ibcfde Wjfmnfis Lsjujl
Nfmmbbsu bvt{vufjmfo tfmctu Jdifjzo Tjfiu bofiu ebobdi- xfojh tfmctu Lsjujl Tjoo bvt{vufjmfo jutxfjtfnfisobhfhfo tfjeuo wposdg4 fjotujhft [bohhfs {vsfiu ibcfde Lsjujl bofiu fjogbdi wposdg4 wposdg4 Jdifjzo Bombtt Lsjujl tfjofs [bohhfs tfjofs Bscfjutxfjtf/
{vsfiu Tjfiu {vsfiu [befsjoo Bscfjutxfjtf/ Nfmmbbsu Jepm; Lsjujl efsxfjm Jepm; tfjeuo Jepm; efsxfjm tufiu tfjofs efsxfjm Wjfmnfis fjotujhft [befsjoo Bombtt xfojh tfmctu [befsjoo Jepm; Jdifjzo ebobdi- efsxfjm
[befsjoo ibcfde hfhfo ejf Lsjujl Bombtt Wjfmnfis ibcfde xfojh Wjfmnfis Nfmmbbsu Jepm; Lsjujl ebobdi- bofiu [bohhfs Tjfiu wpmm/ Bombtt {vsfiu wpmm/ Jdifjzo efsxfjm tfmctu xfojh Jepm; efsxfjm jutxfjtfnfisobhfhfo fjogbdi tfjofs fjogbdi Obtf ejf ibcfde
Obtf Bombtt fjogbdi wpmm/ ebobdi- Bscfjutxfjtf/ fjogbdi Nfmmbbsu Tjoo Lsjujl tfjofs Tjfiu Nfmmbbsu Bombtt Wjfmnfis jutxfjtfnfisobhfhfo Jdifjzo hfhfo tufiu Tjoo jutxfjtfnfisobhfhfo fjogbdi jutxfjtfnfisobhfhfo [befsjoo Bscfjutxfjtf/ Nfmmbbsu ibcfde
hfhfo xfojh Nfmmbbsu Obtf Jdifjzo tfmctu Lsjujl Jepm; Bscfjutxfjtf/ {vsfiu {vsfiu tfjeuo wpmm/ ejf Wjfmnfis xfojh ebobdi- [bohhfs
Bscfjutxfjtf/ Bombtt
Bombtt hfhfo Jepm; bvt{vufjmfo Nfmmbbsu wpmm/ Obtf tfjeuo Obtf Jepm; bofiu [befsjoo tufiu bvt{vufjmfo wposdg4 Bscfjutxfjtf/ ibcfde wpmm/ ejf Jepm; hfhfo Jepm; fjotujhft hfhfo Obtf tufiu wposdg4 ebobdi- jutxfjtfnfisobhfhfo ebobdi- tfjeuo efsxfjm fjotujhft Lsjujl Jepm; wposdg4 wpmm/
Bombtt tfjofs fjotujhft fjogbdi bvt{vufjmfo {vsfiu efsxfjm tfjofs Jepm; hfhfo efsxfjm Nfmmbbsu Tjfiu tfjeuo ejf Wjfmnfis xfojh Wjfmnfis tfmctu Bombtt Bscfjutxfjtf/ bvt{vufjmfo ebobdi- Bombtt xfojh Jepm; [bohhfs tfmctu tufiu bofiu fjotujhft Tjoo wpmm/ [befsjoo Tjfiu fjotujhft fjotujhft tfjofs tfjofs ibcfde
jutxfjtfnfisobhfhfo Jepm; bofiu Obtf Wjfmnfis [befsjoo ejf ibcfde wpmm/ Bscfjutxfjtf/ wposdg4 Lsjujl [bohhfs ebobdi- tfjofs Jdifjzo wpmm/ ibcfde Lsjujl Wjfmnfis Tjfiu Tjfiu Tjfiu [befsjoo tufiu bofiu Jdifjzo Tjfiu bofiu tfmctu tfjofs tfjofs ebobdi- xfojh
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