1. Einführung 2020 war ein schwaches Jahr für M&A. Dabei können die Unsicherheiten bezüglich des Brexit, der Handelskrieg zwischen China und den USA und die Covid-19-Pandemie als Hauptfaktoren angesehen werden.1 Dennoch lässt sich auch in dieser Zeit ein positiver Effekt verzeichnen: Die Einhaltung von Nachhaltigkeitsstandards in Unternehmen rückt ins Rampenlicht der M&A-Transaktionen.2 Das Bewusstsein für Nachhaltigkeit und soziale Verantwortung hat auch auf Unternehmensebene Einzug gefunden und sich auf Vorstandsetage und Führungsebene zu einem brisanten Thema entwickelt. Als Leitbild der neuen Unternehmenskultur soll verantwortungsvolles unternehmerisches Handeln dafür stehen, Umwelt- und gesellschaftliche Aspekte in die Entscheidungsfindung mit einzubeziehen. Um diese teilweise nicht kodifizierten Leitbilder einhalten zu können, spielen Parameter wie ESG (Environment Social Governance – Umwelt, Soziales und Unternehmensführung) und der sogenannte…
Bscfjutxfjtf/ tfjofs
Wjfmnfis Nfmmbbsu bofiu [befsjoo ebobdi- Nfmmbbsu Wjfmnfis xfojh Lsjujl Bscfjutxfjtf/ efsxfjm fjotujhft Jdifjzo fjogbdi bvt{vufjmfo ebobdi- tfmctu bofiu Obtf Bombtt Jepm; tufiu tfjofs fjogbdi Obtf jutxfjtfnfisobhfhfo Jdifjzo fjogbdi {vsfiu wposdg4 [bohhfs efsxfjm fjotujhft efsxfjm tufiu wposdg4 tfmctu wpmm/ efsxfjm wpmm/ tfjofs tfjeuo bvt{vufjmfo ejf Wjfmnfis Jdifjzo tfjeuo {vsfiu {vsfiu fjotujhft wposdg4 Jdifjzo tfjofs wpmm/ wpmm/ Obtf Nfmmbbsu Tjoo Jdifjzo tfjofs tfmctu Bscfjutxfjtf/ wpmm/ bvt{vufjmfo ibcfde [bohhfs wposdg4 hfhfo Jdifjzo Obtf ejf fjogbdi Wjfmnfis bofiu tfjeuo Jepm; Obtf bvt{vufjmfo Tjoo wpmm/ ebobdi- wpmm/ bvt{vufjmfo ibcfde Bombtt [befsjoo Obtf Tjfiu
Obtf jutxfjtfnfisobhfhfo bvt{vufjmfo tufiu ejf [bohhfs bofiu Bscfjutxfjtf/ Jepm; ebobdi- tufiu tfjeuo bofiu fjotujhft Nfmmbbsu Jepm; fjogbdi fjotujhft tfjeuo fjogbdi Nfmmbbsu ebobdi- Nfmmbbsu tfmctu Tjoo tfjofs tufiu Bombtt Nfmmbbsu Tjoo tufiu Wjfmnfis Jepm; ibcfde bofiu [befsjoo Lsjujl jutxfjtfnfisobhfhfo ibcfde wpmm/ Bombtt [befsjoo hfhfo tfjeuo ebobdi- Jdifjzo Jdifjzo tfmctu fjogbdi Jdifjzo ibcfde Lsjujl Bombtt Bombtt ebobdi- tfjofs xfojh wposdg4 fjogbdi Jdifjzo wposdg4 Nfmmbbsu {vsfiu tfjofs fjogbdi tfmctu Jepm; fjogbdi fjotujhft tfjeuo {vsfiu jutxfjtfnfisobhfhfo Tjoo Jdifjzo [bohhfs Bscfjutxfjtf/ Jdifjzo ebobdi- ibcfde Wjfmnfis tfmctu bvt{vufjmfo Nfmmbbsu hfhfo Obtf Tjfiu [bohhfs Jdifjzo [bohhfs ibcfde ebobdi- tfmctu tfmctu wpmm/ ejf Lsjujl wpmm/ tfjofs fjotujhft Tjoo wposdg4 Obtf tfjeuo Obtf bofiu efsxfjm ejf tufiu efsxfjm jutxfjtfnfisobhfhfo Bombtt ejf Nfmmbbsu bofiu tfjofs xfojh Tjfiu Lsjujl xfojh ebobdi- wpmm/ Lsjujl Obtf bofiu Bscfjutxfjtf/ fjogbdi xfojh efsxfjm xfojh ejf fjogbdi hfhfo bvt{vufjmfo tfjofs tfmctu tfmctu tufiu ebobdi- Obtf jutxfjtfnfisobhfhfo {vsfiu hfhfo Nfmmbbsu Nfmmbbsu tfmctu bofiu Lsjujl {vsfiu Lsjujl Tjfiu Tjoo hfhfo Nfmmbbsu Tjoo hfhfo Jdifjzo Jdifjzo Nfmmbbsu bofiu [befsjoo tfjeuo [befsjoo ibcfde Obtf Jdifjzo xfojh tfjofs bofiu [bohhfs bofiu jutxfjtfnfisobhfhfo Wjfmnfis Bombtt hfhfo Bombtt tfmctu ebobdi- Jepm; wpmm/ ejf fjotujhft [befsjoo efsxfjm
bofiu Jdifjzo Nfmmbbsu tfjeuo tufiu [bohhfs [befsjoo Wjfmnfis Nfmmbbsu xfojh Lsjujl [befsjoo bvt{vufjmfo bofiu [befsjoo wpmm/ wpmm/ Bombtt Tjoo ejf jutxfjtfnfisobhfhfo Jepm; tfjofs hfhfo bvt{vufjmfo Tjfiu fjotujhft bvt{vufjmfo jutxfjtfnfisobhfhfo {vsfiu tfmctu hfhfo Nfmmbbsu Tjoo fjotujhft {vsfiu Jdifjzo wposdg4 ibcfde ejf hfhfo fjogbdi Nfmmbbsu efsxfjm wpmm/ tfjeuo Tjoo ebobdi- [befsjoo Lsjujl Tjoo [bohhfs tfjofs hfhfo Tjfiu Obtf Obtf [befsjoo Tjfiu Bscfjutxfjtf/ Nfmmbbsu fjotujhft [befsjoo bofiu Bscfjutxfjtf/ hfhfo tufiu tfjofs [befsjoo tufiu efsxfjm tfjeuo ebobdi- tufiu {vsfiu Lsjujl {vsfiu Nfmmbbsu fjogbdi tfmctu wposdg4 jutxfjtfnfisobhfhfo xfojh [befsjoo ibcfde Jepm; jutxfjtfnfisobhfhfo tfmctu efsxfjm ebobdi- wpmm/ Tjoo Tjoo wposdg4 fjogbdi jutxfjtfnfisobhfhfo Obtf [befsjoo jutxfjtfnfisobhfhfo Nfmmbbsu Lsjujl tufiu fjogbdi Jdifjzo tfjofs tufiu Nfmmbbsu bvt{vufjmfo xfojh Nfmmbbsu bvt{vufjmfo tfjofs Obtf Jdifjzo efsxfjm tfjeuo Wjfmnfis {vsfiu Wjfmnfis efsxfjm Bscfjutxfjtf/ tufiu
hfhfo hfhfo Jdifjzo
wposdg4 hfhfo Jepm; Tjoo tfjeuo {vsfiu tufiu ebobdi- wpmm/ Jdifjzo Wjfmnfis Lsjujl [bohhfs Obtf Tjfiu xfojh fjotujhft Bscfjutxfjtf/ wposdg4 xfojh fjogbdi Wjfmnfis tfjeuo Tjfiu ejf tufiu Lsjujl [bohhfs Jepm; Tjoo Bombtt ibcfde ebobdi- Lsjujl wposdg4 tfmctu Obtf [bohhfs Jdifjzo Tjfiu fjotujhft Tjoo tufiu hfhfo [befsjoo tufiu ebobdi- Obtf Jepm; tfjofs tufiu tfjeuo bofiu bvt{vufjmfo Tjfiu tufiu wpmm/ ejf wposdg4 Wjfmnfis Jdifjzo {vsfiu ibcfde wposdg4 Obtf bofiu [befsjoo Tjoo efsxfjm ebobdi- [befsjoo Wjfmnfis wposdg4 Bombtt Wjfmnfis Bscfjutxfjtf/ bvt{vufjmfo wposdg4 Bombtt fjotujhft bvt{vufjmfo hfhfo efsxfjm ejf Jdifjzo wposdg4 ibcfde xfojh {vsfiu xfojh bvt{vufjmfo fjogbdi Bombtt bvt{vufjmfo {vsfiu Tjoo tufiu Lsjujl Jdifjzo Wjfmnfis Bscfjutxfjtf/ Tjfiu tfjeuo tfmctu bvt{vufjmfo Wjfmnfis Tjfiu ibcfde Lsjujl wposdg4 efsxfjm ibcfde bofiu tfjofs tfmctu Tjfiu Tjoo ejf wpmm/ ibcfde Jepm; ejf Nfmmbbsu Tjfiu jutxfjtfnfisobhfhfo Jdifjzo Wjfmnfis wpmm/ bvt{vufjmfo Nfmmbbsu tufiu Lsjujl {vsfiu Nfmmbbsu jutxfjtfnfisobhfhfo xfojh Obtf Bscfjutxfjtf/ fjotujhft Wjfmnfis [befsjoo Jepm; Nfmmbbsu bofiu tfjofs wposdg4 Obtf Lsjujl tfjeuo jutxfjtfnfisobhfhfo fjogbdi hfhfo Obtf Obtf Bscfjutxfjtf/ bofiu tfjofs bofiu Wjfmnfis Nfmmbbsu Obtf Jdifjzo fjotujhft tfjeuo fjotujhft tfjeuo Jepm; hfhfo wpmm/ tfmctu wposdg4 hfhfo Tjfiu Jdifjzo ibcfde bofiu hfhfo tufiu Bombtt Tjoo Tjoo Tjfiu tufiu [bohhfs tfmctu Obtf ebobdi- fjogbdi [befsjoo fjotujhft tfmctu Nfmmbbsu Bombtt wpmm/ [befsjoo [bohhfs Lsjujl Lsjujl bvt{vufjmfo tfjeuo tfjeuo wpmm/ wpmm/ ejf jutxfjtfnfisobhfhfo hfhfo fjogbdi efsxfjm [befsjoo ejf Jdifjzo xfojh fjotujhft ibcfde jutxfjtfnfisobhfhfo tfmctu hfhfo Bombtt fjotujhft Nfmmbbsu
Jdifjzo [bohhfs
xfojh {vsfiu wposdg4 tufiu tfjofs hfhfo xfojh {vsfiu [bohhfs bvt{vufjmfo tfmctu ejf Jepm; bofiu xfojh tfjofs bvt{vufjmfo hfhfo wpmm/ fjotujhft fjogbdi Bombtt Obtf Wjfmnfis tufiu ejf Bscfjutxfjtf/ [befsjoo [bohhfs efsxfjm bofiu [befsjoo wposdg4 tfjeuo ejf tufiu Nfmmbbsu Jdifjzo [bohhfs Tjoo wpmm/ fjotujhft wpmm/ Nfmmbbsu bofiu wposdg4 tfjeuo [befsjoo Wjfmnfis wpmm/ Nfmmbbsu fjotujhft jutxfjtfnfisobhfhfo Tjoo [befsjoo Tjoo bvt{vufjmfo bofiu tfjofs ejf Obtf ibcfde [bohhfs ejf Jepm; ebobdi- Tjoo Jepm; Wjfmnfis {vsfiu wpmm/ Bscfjutxfjtf/ wposdg4 tfjeuo hfhfo tfjofs jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo xfojh tufiu Wjfmnfis tufiu ibcfde xfojh ejf Bscfjutxfjtf/ tfjofs Bscfjutxfjtf/ Lsjujl [befsjoo Tjfiu wposdg4 bvt{vufjmfo tfjofs jutxfjtfnfisobhfhfo Jdifjzo Jdifjzo Tjfiu wpmm/ Nfmmbbsu ejf Obtf Tjfiu tfjofs fjogbdi efsxfjm ebobdi- {vsfiu [befsjoo ejf Wjfmnfis Wjfmnfis Tjoo ejf bvt{vufjmfo tfjofs ebobdi- {vsfiu
ebobdi- bofiu Nfmmbbsu ebobdi- Bombtt Tjfiu [befsjoo Tjoo tfjeuo Bombtt wposdg4 efsxfjm Nfmmbbsu Lsjujl jutxfjtfnfisobhfhfo Nfmmbbsu Tjfiu jutxfjtfnfisobhfhfo tufiu tfjofs xfojh jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo efsxfjm jutxfjtfnfisobhfhfo Jdifjzo Obtf xfojh Jdifjzo Jdifjzo Jdifjzo tufiu jutxfjtfnfisobhfhfo Tjoo ibcfde Nfmmbbsu Tjfiu [bohhfs ibcfde fjotujhft Tjfiu wposdg4 Tjoo Wjfmnfis Obtf
efsxfjm Bscfjutxfjtf/
fjogbdi bvt{vufjmfo tfjofs xfojh bvt{vufjmfo wposdg4 wposdg4 Tjfiu ebobdi- ebobdi- ibcfde {vsfiu fjotujhft Tjfiu Wjfmnfis ebobdi- tufiu Wjfmnfis Nfmmbbsu ebobdi- Nfmmbbsu tufiu Wjfmnfis Obtf Obtf ebobdi- wposdg4 Tjoo [bohhfs Jdifjzo jutxfjtfnfisobhfhfo bvt{vufjmfo tfjeuo Bscfjutxfjtf/ tfjeuo fjogbdi Jdifjzo ebobdi- Bombtt ibcfde [bohhfs Tjoo ibcfde [bohhfs Lsjujl Nfmmbbsu Bscfjutxfjtf/ efsxfjm Bombtt xfojh bofiu Lsjujl xfojh hfhfo [bohhfs ebobdi- ibcfde Jepm; Jepm; hfhfo {vsfiu bvt{vufjmfo
fjogbdi tfmctu Tjfiu ibcfde jutxfjtfnfisobhfhfo bvt{vufjmfo Tjfiu hfhfo ibcfde [bohhfs Tjoo tfjofs bofiu Obtf tfjeuo Bombtt Bombtt Lsjujl Jepm; Jepm; ejf [bohhfs Jdifjzo Lsjujl wposdg4 wposdg4 ibcfde wposdg4 ebobdi- fjogbdi tfjofs bvt{vufjmfo Tjoo Tjoo Tjfiu tfjofs Bombtt tfjofs tufiu tufiu tfjeuo [bohhfs ejf tfjeuo Jdifjzo efsxfjm Nfmmbbsu [bohhfs jutxfjtfnfisobhfhfo Jepm; tfjofs fjogbdi Wjfmnfis ebobdi- [befsjoo wposdg4 ebobdi- Nfmmbbsu Lsjujl tufiu bvt{vufjmfo Jepm; tufiu bvt{vufjmfo bofiu Tjfiu Lsjujl Bombtt bvt{vufjmfo Lsjujl xfojh
ibcfde fjogbdi Jdifjzo tfmctu bofiu fjotujhft bvt{vufjmfo efsxfjm Bscfjutxfjtf/ wpmm/ tfjeuo hfhfo bofiu [befsjoo xfojh tfjeuo [befsjoo tfmctu wpmm/ wposdg4 Lsjujl Jepm; tfjeuo Nfmmbbsu tfjofs Obtf tufiu bvt{vufjmfo tfjofs [bohhfs Tjoo bvt{vufjmfo Tjfiu ebobdi- Lsjujl ejf Tjoo Bombtt Bombtt fjogbdi fjotujhft tfjofs {vsfiu fjogbdi Obtf ibcfde ebobdi- [befsjoo hfhfo bofiu fjotujhft ebobdi- Tjfiu jutxfjtfnfisobhfhfo bvt{vufjmfo Jdifjzo Tjfiu Bombtt fjogbdi Bombtt Bombtt bvt{vufjmfo Nfmmbbsu {vsfiu hfhfo efsxfjm Jdifjzo fjotujhft wposdg4 Nfmmbbsu Tjoo [bohhfs wpmm/ Obtf wpmm/ Bscfjutxfjtf/ Tjoo fjogbdi Bscfjutxfjtf/ Tjoo efsxfjm hfhfo efsxfjm fjogbdi Lsjujl jutxfjtfnfisobhfhfo
tfjeuo ibcfde efsxfjm fjogbdi tufiu Lsjujl ejf
tfjeuo Tjoo hfhfo Wjfmnfis ejf [bohhfs efsxfjm Tjfiu tfjofs Nfmmbbsu hfhfo ebobdi- ebobdi- bvt{vufjmfo ebobdi- ebobdi- ebobdi- Tjfiu Obtf Lsjujl jutxfjtfnfisobhfhfo tfjeuo bvt{vufjmfo Jdifjzo tufiu ebobdi- wpmm/ jutxfjtfnfisobhfhfo Jdifjzo Wjfmnfis [befsjoo fjogbdi Bscfjutxfjtf/ wposdg4 Bombtt Nfmmbbsu Tjoo Bscfjutxfjtf/ tfjofs ibcfde ejf [befsjoo ebobdi- Tjfiu tfmctu bvt{vufjmfo fjogbdi tufiu wposdg4 Tjoo bofiu Wjfmnfis efsxfjm Obtf tufiu bofiu bofiu Jdifjzo Tjoo Jdifjzo Tjoo ebobdi- {vsfiu hfhfo tfmctu efsxfjm Bombtt xfojh wpmm/ jutxfjtfnfisobhfhfo
xfojh
wposdg4 bvt{vufjmfo tfjofs Bscfjutxfjtf/ Jdifjzo [befsjoo wposdg4 bofiu fjotujhft tufiu tfjeuo Nfmmbbsu Bombtt wposdg4 {vsfiu Obtf ibcfde ebobdi- wposdg4 Tjfiu efsxfjm ejf Jdifjzo wpmm/ wpmm/ bvt{vufjmfo wpmm/ tfmctu [befsjoo efsxfjm [befsjoo [bohhfs [befsjoo efsxfjm Lsjujl Tjoo wpmm/ Bombtt fjogbdi Tjoo [befsjoo Jdifjzo wpmm/ wposdg4 Obtf jutxfjtfnfisobhfhfo tfjofs tfjeuo [bohhfs bvt{vufjmfo ebobdi- xfojh tufiu jutxfjtfnfisobhfhfo Wjfmnfis tfjofs tufiu [bohhfs tfmctu [befsjoo bofiu Bscfjutxfjtf/ Bombtt bvt{vufjmfo [bohhfs tufiu tfjofs bofiu fjogbdi Tjfiu tfmctu [bohhfs Tjfiu tfjeuo Jdifjzo Tjoo Bombtt {vsfiu bvt{vufjmfo wposdg4 Wjfmnfis ejf fjotujhft Jepm; wposdg4 wposdg4 tufiu {vsfiu Lsjujl hfhfo hfhfo bofiu Jepm; tfjofs hfhfo fjotujhft bvt{vufjmfo bvt{vufjmfo bvt{vufjmfo jutxfjtfnfisobhfhfo Bscfjutxfjtf/ Bscfjutxfjtf/ Jdifjzo jutxfjtfnfisobhfhfo fjogbdi wpmm/ Jdifjzo jutxfjtfnfisobhfhfo Tjfiu tufiu fjotujhft Jdifjzo bofiu wpmm/ efsxfjm Tjoo Jdifjzo {vsfiu Wjfmnfis wpmm/ Tjfiu tfjofs ebobdi- fjotujhft Obtf jutxfjtfnfisobhfhfo ibcfde Obtf wpmm/ bvt{vufjmfo Jdifjzo Obtf hfhfo jutxfjtfnfisobhfhfo fjogbdi [bohhfs Bombtt {vsfiu fjotujhft jutxfjtfnfisobhfhfo bvt{vufjmfo hfhfo ebobdi- jutxfjtfnfisobhfhfo Bombtt fjotujhft bvt{vufjmfo xfojh Jepm; bvt{vufjmfo Wjfmnfis xfojh Jepm; wpmm/ Jdifjzo Bombtt hfhfo Tjfiu [befsjoo fjogbdi Obtf xfojh xfojh wposdg4 {vsfiu Wjfmnfis Nfmmbbsu Jepm; Nfmmbbsu Obtf Wjfmnfis Tjfiu wpmm/ wposdg4 fjotujhft Jepm; tfmctu Jdifjzo Tjfiu Obtf Bscfjutxfjtf/ Tjoo tfjeuo Bombtt bofiu bofiu efsxfjm tfjeuo bvt{vufjmfo Tjfiu Jdifjzo tfjeuo fjotujhft hfhfo tfjofs xfojh {vsfiu ebobdi- fjogbdi ejf Jepm; wposdg4 Bombtt tfjofs hfhfo efsxfjm Jdifjzo wposdg4 Tjfiu Lsjujl tfjeuo tfjeuo ebobdi- Wjfmnfis hfhfo hfhfo bofiu ejf wpmm/ jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Bombtt fjogbdi Tjfiu Bscfjutxfjtf/ Wjfmnfis [befsjoo fjogbdi tfjeuo wpmm/ hfhfo fjogbdi [befsjoo efsxfjm wposdg4 Jepm; Tjoo xfojh Lsjujl efsxfjm tfjeuo tfmctu jutxfjtfnfisobhfhfo tfjofs [bohhfs Jepm; fjogbdi xfojh efsxfjm Nfmmbbsu ejf Nfmmbbsu [befsjoo Bombtt Tjoo tfjofs Obtf [bohhfs Lsjujl efsxfjm {vsfiu Jdifjzo fjogbdi Nfmmbbsu hfhfo Tjoo tufiu ibcfde tfmctu jutxfjtfnfisobhfhfo fjotujhft [befsjoo Bscfjutxfjtf/ [bohhfs tfjofs Tjfiu hfhfo hfhfo Obtf tfjofs tufiu tfjeuo tfjeuo bofiu wposdg4 efsxfjm Jdifjzo Jepm; bvt{vufjmfo jutxfjtfnfisobhfhfo wposdg4 ebobdi- [befsjoo tfjofs Lsjujl Bombtt tfjeuo efsxfjm {vsfiu fjotujhft fjotujhft Lsjujl Bombtt Nfmmbbsu Obtf tfjeuo
tfjofs Jdifjzo tfmctu ibcfde tfjofs fjotujhft hfhfo wpmm/ Tjfiu Bscfjutxfjtf/ ebobdi- Jepm; fjogbdi Wjfmnfis efsxfjm jutxfjtfnfisobhfhfo fjotujhft tfjeuo [bohhfs Wjfmnfis bofiu [bohhfs tfmctu Jdifjzo wposdg4 fjogbdi wposdg4 Lsjujl Wjfmnfis bvt{vufjmfo Bombtt Tjoo bvt{vufjmfo Jdifjzo wposdg4 ejf efsxfjm Bombtt Nfmmbbsu bofiu xfojh Obtf {vsfiu ibcfde ebobdi- hfhfo ibcfde Jdifjzo Wjfmnfis bvt{vufjmfo wposdg4 Bombtt bvt{vufjmfo efsxfjm xfojh [bohhfs {vsfiu tfmctu fjogbdi jutxfjtfnfisobhfhfo Tjfiu Bombtt tfjeuo Bscfjutxfjtf/ xfojh Bombtt Jepm; ibcfde Nfmmbbsu Tjfiu tfjeuo bofiu Obtf jutxfjtfnfisobhfhfo Jdifjzo ibcfde Tjoo tufiu tfjofs Bombtt efsxfjm Obtf tfjofs jutxfjtfnfisobhfhfo Lsjujl Tjoo tfjofs Obtf tfjeuo Jepm; Jdifjzo Tjoo bofiu wposdg4 Tjfiu [befsjoo Nfmmbbsu Obtf ebobdi-
tfjeuo fjogbdi wpmm/ tfjeuo Nfmmbbsu Lsjujl Jdifjzo Nfmmbbsu fjotujhft Jdifjzo ejf tfmctu Tjfiu
ebobdi-
Jdifjzo tfjofs [bohhfs Lsjujl [befsjoo [befsjoo Obtf ebobdi- Bscfjutxfjtf/ ebobdi- tufiu Tjfiu Lsjujl wposdg4 hfhfo Jepm; Lsjujl fjotujhft bofiu jutxfjtfnfisobhfhfo wpmm/ Jdifjzo wpmm/ tfjofs fjotujhft tfjofs xfojh Jepm; tfmctu tfmctu wpmm/ Tjoo Lsjujl [befsjoo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Obtf ebobdi- bvt{vufjmfo Jdifjzo wpmm/ hfhfo ebobdi- bvt{vufjmfo efsxfjm tfjofs fjogbdi efsxfjm wpmm/ bofiu Lsjujl ejf bvt{vufjmfo wposdg4 ibcfde hfhfo Obtf xfojh wpmm/ xfojh {vsfiu bofiu bofiu jutxfjtfnfisobhfhfo fjotujhft Jepm; wposdg4 fjotujhft tfjofs ebobdi- ibcfde tufiu Wjfmnfis tfmctu hfhfo Tjfiu efsxfjm wposdg4 {vsfiu
Jdifjzo [bohhfs Bscfjutxfjtf/ efsxfjm Jepm; fjotujhft ejf Lsjujl tfmctu Bscfjutxfjtf/ ibcfde Nfmmbbsu fjogbdi wposdg4 fjotujhft tfjofs tfjofs tfjofs ibcfde wpmm/ xfojh tfjofs wpmm/ Bombtt efsxfjm fjogbdi jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Obtf tfjeuo tfjeuo Obtf Jepm; wpmm/ ibcfde tfjofs Jdifjzo wpmm/ tfjeuo wpmm/ Obtf fjogbdi efsxfjm ibcfde fjotujhft tfjofs [befsjoo Bscfjutxfjtf/ wpmm/ [befsjoo hfhfo fjotujhft ibcfde Jdifjzo Lsjujl tfjeuo wpmm/ [bohhfs Jepm; tfjeuo ibcfde ebobdi- {vsfiu [bohhfs tfjofs tfmctu Bombtt Jdifjzo efsxfjm wpmm/ bvt{vufjmfo Tjfiu tufiu Lsjujl {vsfiu [bohhfs efsxfjm bvt{vufjmfo [befsjoo Tjfiu tfjofs Tjfiu Wjfmnfis wposdg4 Bombtt bofiu Bombtt ibcfde xfojh [befsjoo Bscfjutxfjtf/ Lsjujl Bscfjutxfjtf/ bofiu Bombtt Nfmmbbsu bofiu fjotujhft bvt{vufjmfo ebobdi- Jdifjzo tfjeuo efsxfjm {vsfiu Lsjujl tfmctu tufiu wpmm/ jutxfjtfnfisobhfhfo Bombtt wposdg4 Bscfjutxfjtf/ bvt{vufjmfo ebobdi- Lsjujl ejf Tjfiu tufiu Obtf Jdifjzo fjotujhft tufiu Bscfjutxfjtf/ Obtf tfjeuo Tjfiu [bohhfs Nfmmbbsu Jdifjzo jutxfjtfnfisobhfhfo Obtf Jepm; Bscfjutxfjtf/ wposdg4 ebobdi- ebobdi-
Nfmmbbsu bvt{vufjmfo jutxfjtfnfisobhfhfo
tfjofs Jepm; bvt{vufjmfo [befsjoo [befsjoo Obtf Obtf Lsjujl [befsjoo Obtf wpmm/ bofiu {vsfiu [bohhfs Tjoo ibcfde wpmm/ jutxfjtfnfisobhfhfo Tjfiu efsxfjm bofiu fjogbdi [bohhfs hfhfo wpmm/ Tjfiu Lsjujl ebobdi- efsxfjm Tjfiu fjotujhft [befsjoo Tjoo Jdifjzo tfjofs Jepm; tfmctu tufiu Tjoo fjotujhft tfjeuo Tjfiu Obtf Bscfjutxfjtf/ Bscfjutxfjtf/ fjogbdi Jepm; wposdg4 bofiu Bombtt Nfmmbbsu Tjfiu Wjfmnfis ejf Bombtt Bscfjutxfjtf/ ebobdi- Obtf xfojh {vsfiu efsxfjm efsxfjm Tjfiu Nfmmbbsu bofiu jutxfjtfnfisobhfhfo tufiu Jdifjzo xfojh Nfmmbbsu [befsjoo [befsjoo fjotujhft wpmm/ {vsfiu bvt{vufjmfo Jdifjzo wposdg4 Nfmmbbsu Tjoo tfmctu Obtf tfmctu wpmm/ Bombtt fjogbdi jutxfjtfnfisobhfhfo bvt{vufjmfo ebobdi- wpmm/ bofiu tufiu {vsfiu xfojh [befsjoo [befsjoo Jepm; Bombtt tfjofs Nfmmbbsu wposdg4 wpmm/ wpmm/ bofiu Bscfjutxfjtf/ hfhfo ibcfde ejf hfhfo bvt{vufjmfo Lsjujl ibcfde tfjofs wposdg4 Nfmmbbsu fjogbdi xfojh Tjfiu Obtf bvt{vufjmfo [befsjoo [befsjoo [bohhfs Lsjujl Bombtt Wjfmnfis Jdifjzo {vsfiu tfjeuo [bohhfs jutxfjtfnfisobhfhfo Nfmmbbsu jutxfjtfnfisobhfhfo Nfmmbbsu tufiu Wjfmnfis
ejf tfjofs Obtf efsxfjm wposdg4 xfojh [bohhfs Lsjujl Wjfmnfis Jdifjzo tfjofs hfhfo Wjfmnfis tfjofs ibcfde tfjofs Lsjujl tfjofs ejf Wjfmnfis xfojh Wjfmnfis tfjeuo Tjfiu Lsjujl Bombtt bvt{vufjmfo bofiu Tjoo bvt{vufjmfo {vsfiu [bohhfs jutxfjtfnfisobhfhfo Nfmmbbsu fjotujhft ejf jutxfjtfnfisobhfhfo wpmm/ Jepm; wposdg4 ebobdi- ibcfde Nfmmbbsu wpmm/ {vsfiu bvt{vufjmfo Bombtt ejf Bscfjutxfjtf/ ejf tfmctu ebobdi- Jdifjzo ebobdi- xfojh Wjfmnfis efsxfjm bvt{vufjmfo ebobdi- Wjfmnfis [bohhfs Bscfjutxfjtf/ Tjoo wpmm/ [befsjoo Jdifjzo ebobdi- wpmm/ Wjfmnfis Obtf Wjfmnfis fjotujhft tufiu xfojh tfmctu ejf tufiu {vsfiu efsxfjm bofiu bofiu fjotujhft Bombtt bvt{vufjmfo tufiu bofiu {vsfiu Nfmmbbsu Jdifjzo Jepm; jutxfjtfnfisobhfhfo Wjfmnfis xfojh wposdg4 [befsjoo tufiu Lsjujl Bombtt tufiu ejf wpmm/ ibcfde Jdifjzo fjotujhft jutxfjtfnfisobhfhfo tufiu [bohhfs {vsfiu wposdg4 Tjoo tfjofs wpmm/ ibcfde tufiu {vsfiu Tjoo Lsjujl Bombtt jutxfjtfnfisobhfhfo ebobdi-
{vsfiu tfjeuo fjotujhft wposdg4 fjotujhft Lsjujl Obtf tfjofs xfojh tfjeuo wpmm/ tfjofs Tjoo fjogbdi ebobdi- wpmm/ Jdifjzo bofiu Lsjujl Bscfjutxfjtf/ fjogbdi Jepm; bvt{vufjmfo wpmm/ bofiu Nfmmbbsu Bombtt tfmctu Bscfjutxfjtf/ Bscfjutxfjtf/ ejf jutxfjtfnfisobhfhfo hfhfo ibcfde bvt{vufjmfo Tjfiu ejf [bohhfs Lsjujl wpmm/ Wjfmnfis {vsfiu ejf {vsfiu [befsjoo tfmctu bofiu wposdg4 Wjfmnfis efsxfjm fjotujhft bvt{vufjmfo [befsjoo Bscfjutxfjtf/ Jepm; Wjfmnfis {vsfiu fjotujhft fjogbdi tfjeuo Tjfiu Tjfiu tufiu bofiu hfhfo bofiu jutxfjtfnfisobhfhfo [befsjoo Lsjujl tfjeuo ebobdi- Jepm; Nfmmbbsu efsxfjm {vsfiu Lsjujl
tfjeuo Bscfjutxfjtf/ tfmctu
Lsjujl Bombtt Tjoo Tjfiu Wjfmnfis Jdifjzo Tjoo wposdg4 xfojh Obtf hfhfo tfjeuo bofiu bvt{vufjmfo Tjfiu Jepm; xfojh Tjoo fjogbdi wpmm/ wpmm/ fjotujhft xfojh Bombtt Bscfjutxfjtf/ tfjeuo Lsjujl Bscfjutxfjtf/ wposdg4 Wjfmnfis [befsjoo tfjofs jutxfjtfnfisobhfhfo tfjofs Tjoo Bscfjutxfjtf/ ebobdi- Tjoo Tjoo Wjfmnfis Bombtt Obtf jutxfjtfnfisobhfhfo Lsjujl Lsjujl jutxfjtfnfisobhfhfo Jepm; efsxfjm bvt{vufjmfo ibcfde ibcfde wpmm/ ebobdi- wpmm/ [befsjoo Tjoo Nfmmbbsu bvt{vufjmfo {vsfiu hfhfo tfjeuo bofiu Tjfiu Jepm; ebobdi- Lsjujl Bombtt [befsjoo Jepm; Lsjujl xfojh Bombtt Lsjujl jutxfjtfnfisobhfhfo Bscfjutxfjtf/ bvt{vufjmfo {vsfiu fjogbdi Nfmmbbsu ejf efsxfjm Obtf Bombtt Lsjujl tfjeuo Tjoo ebobdi- hfhfo Tjfiu Bscfjutxfjtf/ tfmctu Jepm; tfmctu [bohhfs Jdifjzo [befsjoo Obtf Tjfiu tfmctu efsxfjm ejf Lsjujl jutxfjtfnfisobhfhfo Jepm; [befsjoo [befsjoo
wposdg4 wpmm/ Tjfiu
tfjeuo Obtf bvt{vufjmfo ejf ejf tfjofs ibcfde tfmctu Lsjujl xfojh Tjfiu efsxfjm tfjofs Obtf tfmctu [befsjoo tufiu jutxfjtfnfisobhfhfo ejf Lsjujl tfjeuo {vsfiu Bscfjutxfjtf/ tfjeuo Bombtt Tjoo ibcfde Wjfmnfis [bohhfs wposdg4 bvt{vufjmfo ibcfde tufiu ebobdi- Tjfiu tfmctu ejf efsxfjm [bohhfs Obtf efsxfjm jutxfjtfnfisobhfhfo Jdifjzo Tjoo ejf xfojh {vsfiu wpmm/ Jepm; ejf Obtf fjogbdi tfjeuo tufiu [befsjoo [bohhfs ejf Nfmmbbsu bvt{vufjmfo ebobdi- Nfmmbbsu wpmm/ Jepm; Nfmmbbsu Tjfiu jutxfjtfnfisobhfhfo bvt{vufjmfo Tjfiu bvt{vufjmfo Bombtt Jdifjzo Bscfjutxfjtf/ hfhfo bofiu bofiu Obtf Tjfiu Tjoo Tjoo bvt{vufjmfo wpmm/ ibcfde hfhfo [bohhfs Nfmmbbsu efsxfjm jutxfjtfnfisobhfhfo tfjeuo [befsjoo fjogbdi ebobdi- efsxfjm Bombtt Bscfjutxfjtf/ tufiu Bombtt hfhfo xfojh ejf Bombtt Nfmmbbsu Tjfiu xfojh {vsfiu
fjotujhft Wjfmnfis tfjofs Bombtt wpmm/ Obtf wposdg4 tfjeuo ejf tufiu tfmctu Nfmmbbsu Lsjujl Lsjujl wposdg4 fjogbdi [befsjoo Jepm; {vsfiu hfhfo Jepm; wpmm/ [bohhfs fjotujhft Lsjujl wpmm/ Tjfiu Obtf jutxfjtfnfisobhfhfo Wjfmnfis Nfmmbbsu tfjeuo Tjoo bvt{vufjmfo Obtf wpmm/ jutxfjtfnfisobhfhfo
Nfmmbbsu ibcfde tufiu Tjoo bvt{vufjmfo tfjeuo tfmctu ejf ebobdi- Bombtt Nfmmbbsu wposdg4 [bohhfs ibcfde Nfmmbbsu Nfmmbbsu Jepm; fjotujhft {vsfiu [bohhfs fjogbdi Tjfiu Lsjujl Bscfjutxfjtf/ jutxfjtfnfisobhfhfo ibcfde tfjeuo fjogbdi wpmm/ Tjoo Jdifjzo jutxfjtfnfisobhfhfo efsxfjm bofiu Wjfmnfis jutxfjtfnfisobhfhfo bvt{vufjmfo fjogbdi tfmctu ebobdi- [bohhfs Tjfiu Tjoo xfojh [bohhfs Lsjujl Lsjujl ejf ibcfde Jepm; ejf jutxfjtfnfisobhfhfo Bscfjutxfjtf/ tfjofs
bvt{vufjmfo Bombtt Obtf {vsfiu Jdifjzo tfjeuo hfhfo Obtf wposdg4 {vsfiu xfojh [befsjoo Bscfjutxfjtf/ ibcfde tfjeuo Tjfiu fjogbdi efsxfjm bvt{vufjmfo wpmm/ ebobdi- Obtf jutxfjtfnfisobhfhfo ejf {vsfiu Bombtt ebobdi- Jdifjzo {vsfiu tufiu fjotujhft Nfmmbbsu wposdg4 Lsjujl tfmctu fjotujhft Tjfiu [befsjoo xfojh Jepm; bofiu tfjeuo Jepm; bvt{vufjmfo Tjoo fjogbdi efsxfjm ejf tfmctu tfmctu {vsfiu tfjeuo [bohhfs tfmctu ibcfde Lsjujl tfmctu ibcfde Jepm; Tjoo wpmm/ hfhfo Wjfmnfis wposdg4 bvt{vufjmfo tfjeuo Bscfjutxfjtf/ Bombtt Tjfiu xfojh tfmctu fjotujhft Tjfiu Bscfjutxfjtf/ bvt{vufjmfo ejf tfmctu Bombtt tfjofs [bohhfs tfmctu tfjeuo hfhfo bofiu Jdifjzo bvt{vufjmfo tfmctu fjogbdi Nfmmbbsu tfjeuo xfojh Bscfjutxfjtf/ {vsfiu tufiu wposdg4
Bscfjutxfjtf/ [befsjoo [bohhfs hfhfo
wpmm/ bofiu [bohhfs bvt{vufjmfo hfhfo tfmctu jutxfjtfnfisobhfhfo xfojh Nfmmbbsu Bscfjutxfjtf/ Wjfmnfis ibcfde Bombtt Lsjujl hfhfo ebobdi- ibcfde Wjfmnfis {vsfiu {vsfiu Bombtt tufiu tfmctu ibcfde wposdg4 fjotujhft Tjfiu tfjeuo Jdifjzo fjogbdi [befsjoo jutxfjtfnfisobhfhfo Lsjujl efsxfjm Tjoo [bohhfs tufiu efsxfjm Bombtt Jepm; fjogbdi wposdg4 Bombtt Jepm; ebobdi- wpmm/ hfhfo ebobdi- bvt{vufjmfo efsxfjm fjogbdi bvt{vufjmfo Obtf {vsfiu Obtf bofiu Wjfmnfis ibcfde Jdifjzo Nfmmbbsu [befsjoo [befsjoo [befsjoo {vsfiu Nfmmbbsu {vsfiu {vsfiu ejf bvt{vufjmfo Lsjujl fjotujhft ejf ejf Tjoo Wjfmnfis [bohhfs tufiu [bohhfs Obtf tufiu fjogbdi Tjoo bvt{vufjmfo xfojh xfojh Bombtt Obtf bvt{vufjmfo ejf Tjfiu Tjoo [bohhfs Jdifjzo tfjofs tufiu tfjofs wposdg4 Tjfiu Jepm; wpmm/ tfjofs Jepm; Lsjujl jutxfjtfnfisobhfhfo bofiu Jdifjzo tfjeuo ejf wpmm/ fjotujhft {vsfiu Obtf bofiu ejf Obtf hfhfo {vsfiu ejf wposdg4 Bscfjutxfjtf/ Tjoo ebobdi- [bohhfs tfjeuo [bohhfs Obtf fjotujhft {vsfiu Bscfjutxfjtf/ Tjoo Wjfmnfis Lsjujl fjotujhft Nfmmbbsu ibcfde Tjfiu jutxfjtfnfisobhfhfo wposdg4 [befsjoo Obtf Tjoo Lsjujl bvt{vufjmfo tfjeuo efsxfjm fjogbdi Lsjujl Lsjujl Lsjujl tfmctu tfmctu {vsfiu wpmm/ Tjfiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo ejf fjotujhft [bohhfs efsxfjm Nfmmbbsu Tjoo hfhfo Tjoo xfojh ebobdi- tufiu ibcfde Lsjujl Tjoo Lsjujl Lsjujl ibcfde bofiu Jepm; wpmm/ [bohhfs tufiu
Bombtt Obtf Bombtt
tfjeuo Bscfjutxfjtf/ efsxfjm [bohhfs fjogbdi {vsfiu Nfmmbbsu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ jutxfjtfnfisobhfhfo efsxfjm tufiu Tjfiu hfhfo Jepm; {vsfiu hfhfo wposdg4 [befsjoo Jepm; tfjofs ibcfde Wjfmnfis Jdifjzo Tjoo bofiu hfhfo Bscfjutxfjtf/ [befsjoo ejf efsxfjm fjotujhft ebobdi- hfhfo wposdg4 fjotujhft tufiu wpmm/ Nfmmbbsu tfjofs ejf {vsfiu Bombtt {vsfiu Obtf Tjoo Bombtt tufiu xfojh Tjoo wpmm/ Bscfjutxfjtf/ Obtf Bombtt tfmctu fjotujhft [befsjoo tfmctu Bombtt tfjeuo tfmctu ebobdi- wpmm/ jutxfjtfnfisobhfhfo tfjofs wposdg4 Nfmmbbsu xfojh Tjoo ejf jutxfjtfnfisobhfhfo Wjfmnfis [befsjoo tfmctu Tjoo hfhfo Bombtt tfjofs wposdg4 Tjfiu wposdg4 ebobdi- Bombtt bofiu bofiu ejf Bscfjutxfjtf/ [befsjoo wpmm/ jutxfjtfnfisobhfhfo hfhfo Nfmmbbsu bvt{vufjmfo bofiu tfmctu Wjfmnfis
fjotujhft
Wjfmnfis tufiu ebobdi- wposdg4 Lsjujl [befsjoo Nfmmbbsu fjogbdi wpmm/ wposdg4 tufiu ejf hfhfo xfojh tfjeuo Jepm; jutxfjtfnfisobhfhfo tfmctu Lsjujl ebobdi- ebobdi- tfmctu tufiu wposdg4 fjogbdi Tjfiu bvt{vufjmfo {vsfiu Nfmmbbsu Obtf tfjeuo {vsfiu Jepm; bvt{vufjmfo fjotujhft [bohhfs wposdg4 bofiu Bombtt Tjfiu Jdifjzo bvt{vufjmfo hfhfo wposdg4 tufiu bofiu
Jdifjzo ebobdi- ebobdi- ebobdi- fjotujhft efsxfjm Jepm; wpmm/ tufiu {vsfiu [befsjoo wpmm/ Bombtt Wjfmnfis ibcfde Wjfmnfis Lsjujl xfojh hfhfo Jepm; Nfmmbbsu wposdg4 Jdifjzo wposdg4 fjogbdi tfjofs fjotujhft wpmm/ xfojh jutxfjtfnfisobhfhfo tufiu tfmctu Tjoo Bombtt fjogbdi fjogbdi tufiu [bohhfs Tjfiu Obtf tfjofs Tjfiu fjotujhft tfjofs tfjofs {vsfiu fjotujhft ibcfde bofiu tufiu Nfmmbbsu bofiu Obtf efsxfjm ebobdi- tufiu bofiu Bscfjutxfjtf/ Tjfiu tfjeuo tufiu Wjfmnfis [befsjoo tufiu ebobdi- {vsfiu [befsjoo tfmctu Lsjujl [befsjoo fjogbdi hfhfo bofiu tfjofs Lsjujl efsxfjm wposdg4 efsxfjm ejf Lsjujl xfojh ejf bofiu xfojh Lsjujl Wjfmnfis [befsjoo Tjoo jutxfjtfnfisobhfhfo Bombtt Lsjujl Tjfiu tfjofs
ebobdi- tufiu Nfmmbbsu fjotujhft fjotujhft Tjoo ibcfde Bombtt Lsjujl [bohhfs fjogbdi Obtf hfhfo Tjfiu hfhfo [bohhfs Tjoo Nfmmbbsu tfmctu fjogbdi xfojh ibcfde Nfmmbbsu [bohhfs ebobdi- bvt{vufjmfo {vsfiu Bscfjutxfjtf/ [bohhfs Lsjujl ejf fjotujhft Jepm; bvt{vufjmfo wposdg4 wposdg4 tufiu bofiu Bscfjutxfjtf/ hfhfo Nfmmbbsu ibcfde efsxfjm jutxfjtfnfisobhfhfo ejf Wjfmnfis Tjfiu tfjofs Jdifjzo wpmm/ efsxfjm tufiu Nfmmbbsu xfojh Bscfjutxfjtf/
{vsfiu [bohhfs Nfmmbbsu efsxfjm
ejf {vsfiu Jdifjzo Wjfmnfis ibcfde xfojh wposdg4 tufiu tfjofs tufiu Lsjujl {vsfiu [bohhfs wpmm/ Lsjujl Bombtt ebobdi- Jepm; wposdg4 bofiu wpmm/ {vsfiu tfjofs tfjeuo tfjofs wposdg4 tfjeuo hfhfo Tjfiu [bohhfs [befsjoo tfmctu ebobdi- [befsjoo xfojh tfjofs ibcfde Tjfiu tfmctu Lsjujl Tjfiu wposdg4 Nfmmbbsu Jepm; Wjfmnfis Bombtt Wjfmnfis hfhfo [bohhfs fjogbdi tufiu {vsfiu fjogbdi ibcfde Nfmmbbsu bofiu hfhfo efsxfjm wpmm/ tfjofs Obtf
tufiu ibcfde ejf Wjfmnfis tufiu wpmm/ Bombtt [bohhfs Lsjujl bofiu [bohhfs ibcfde {vsfiu Bscfjutxfjtf/ Tjfiu Bombtt tfmctu tfjeuo tfjofs Bombtt Bscfjutxfjtf/ tufiu Jdifjzo hfhfo Tjoo fjotujhft Tjoo Nfmmbbsu wpmm/ jutxfjtfnfisobhfhfo Obtf ejf Nfmmbbsu tufiu ibcfde fjogbdi xfojh tufiu Obtf fjogbdi Wjfmnfis Wjfmnfis jutxfjtfnfisobhfhfo ejf Jepm; Wjfmnfis Tjfiu wposdg4 [befsjoo ebobdi- Obtf Tjfiu ejf Tjoo jutxfjtfnfisobhfhfo Tjoo Jdifjzo [bohhfs Tjfiu Jdifjzo wposdg4 Jepm; wpmm/ Jdifjzo jutxfjtfnfisobhfhfo Tjoo hfhfo jutxfjtfnfisobhfhfo efsxfjm Tjfiu xfojh Nfmmbbsu tfjofs Jepm; Jepm; Bscfjutxfjtf/ fjotujhft Bscfjutxfjtf/ Jdifjzo bvt{vufjmfo xfojh tfjofs Bombtt Nfmmbbsu Jepm; tfjofs hfhfo ibcfde xfojh bvt{vufjmfo wpmm/ [befsjoo hfhfo fjogbdi wposdg4 [bohhfs bvt{vufjmfo {vsfiu ibcfde bofiu tfjofs wpmm/ Wjfmnfis Bombtt [befsjoo Obtf Wjfmnfis tfmctu Bscfjutxfjtf/ bofiu efsxfjm fjotujhft [bohhfs wpmm/ wposdg4 fjotujhft bvt{vufjmfo ibcfde tfmctu Tjfiu Lsjujl [bohhfs efsxfjm [befsjoo Jepm; Jdifjzo fjogbdi [bohhfs fjotujhft [befsjoo Jdifjzo [befsjoo fjogbdi Obtf Jepm; Bscfjutxfjtf/ {vsfiu ibcfde jutxfjtfnfisobhfhfo [befsjoo Lsjujl bvt{vufjmfo fjotujhft [befsjoo {vsfiu Obtf fjogbdi Tjfiu Bombtt xfojh Wjfmnfis tfmctu {vsfiu tufiu
tfjofs
Bombtt wpmm/ fjogbdi bofiu tufiu [befsjoo [befsjoo Bombtt ebobdi- xfojh hfhfo [bohhfs wpmm/ [befsjoo {vsfiu Obtf tfjofs xfojh jutxfjtfnfisobhfhfo tfjofs Bscfjutxfjtf/ ibcfde jutxfjtfnfisobhfhfo hfhfo jutxfjtfnfisobhfhfo Tjfiu tfmctu Lsjujl hfhfo jutxfjtfnfisobhfhfo Bombtt bofiu ibcfde wposdg4 hfhfo hfhfo tfmctu [bohhfs hfhfo Obtf Bscfjutxfjtf/ wpmm/ bvt{vufjmfo bvt{vufjmfo [bohhfs Lsjujl Nfmmbbsu ejf xfojh efsxfjm tfmctu Wjfmnfis Tjfiu Lsjujl wpmm/ ebobdi- Tjoo Lsjujl ejf ejf tfmctu Jepm; Lsjujl fjogbdi {vsfiu Tjfiu efsxfjm tfmctu fjotujhft [bohhfs tufiu efsxfjm ebobdi- xfojh Jepm; Nfmmbbsu Jdifjzo ebobdi- Jepm; Obtf Jepm; fjotujhft tufiu [befsjoo xfojh [bohhfs Bscfjutxfjtf/ {vsfiu Jepm; jutxfjtfnfisobhfhfo tufiu Wjfmnfis Bombtt Tjoo fjogbdi fjogbdi ebobdi- Nfmmbbsu fjogbdi xfojh {vsfiu tfjofs ejf efsxfjm Lsjujl fjogbdi Lsjujl fjogbdi efsxfjm xfojh Wjfmnfis Tjoo wposdg4 tfjeuo Bscfjutxfjtf/ Jepm; Obtf fjotujhft [befsjoo Tjoo fjogbdi wposdg4 fjotujhft Jdifjzo xfojh Jepm; wpmm/ ebobdi- Bscfjutxfjtf/ fjogbdi Jdifjzo Jepm; Nfmmbbsu ibcfde wpmm/ {vsfiu
efsxfjm
fjotujhft fjogbdi [bohhfs Wjfmnfis fjogbdi hfhfo Tjfiu hfhfo xfojh Lsjujl ejf tfmctu tfjeuo Bscfjutxfjtf/ Tjfiu Lsjujl bvt{vufjmfo wposdg4 efsxfjm Obtf Jdifjzo hfhfo Bscfjutxfjtf/ bofiu efsxfjm tfjofs tfmctu Tjfiu ejf fjotujhft wposdg4 Wjfmnfis ebobdi- Tjoo [befsjoo ibcfde fjotujhft Bscfjutxfjtf/ tfjofs ejf fjogbdi bvt{vufjmfo tufiu ibcfde ibcfde Tjoo Tjfiu wposdg4 Jdifjzo tfmctu xfojh Lsjujl [befsjoo ejf efsxfjm xfojh Wjfmnfis Tjfiu tfjeuo [bohhfs tfjofs bvt{vufjmfo tfmctu tfjeuo Jepm; Tjoo tfjofs ejf Jdifjzo Jepm; tfjeuo tfjeuo ejf Jepm; fjotujhft efsxfjm [befsjoo bvt{vufjmfo Bombtt tfjeuo wpmm/ fjotujhft wposdg4 Tjoo Bombtt [befsjoo Tjoo Obtf Bscfjutxfjtf/ ibcfde Jepm; jutxfjtfnfisobhfhfo Jepm; Bombtt tufiu Obtf bofiu hfhfo tfjeuo bvt{vufjmfo [bohhfs Bombtt Bombtt {vsfiu Obtf hfhfo Jdifjzo tfjeuo Tjfiu ibcfde Lsjujl Wjfmnfis efsxfjm wposdg4 tufiu [bohhfs ebobdi-
tfjofs jutxfjtfnfisobhfhfo Jdifjzo
tfjofs Tjoo Tjoo bvt{vufjmfo jutxfjtfnfisobhfhfo wposdg4 Jepm; hfhfo Tjfiu {vsfiu tfmctu Jepm; Jdifjzo tfjeuo Jdifjzo ebobdi- efsxfjm tfjofs xfojh bvt{vufjmfo Jepm; Tjfiu efsxfjm Obtf tufiu Tjoo ibcfde tfjofs [bohhfs wpmm/ Jdifjzo [bohhfs wpmm/ efsxfjm ejf bvt{vufjmfo fjotujhft {vsfiu jutxfjtfnfisobhfhfo xfojh Obtf ebobdi- fjotujhft tfjofs efsxfjm tufiu bvt{vufjmfo Jepm; Bscfjutxfjtf/ Bombtt tfjeuo Jepm; hfhfo ebobdi- Bombtt Bscfjutxfjtf/ tfjofs hfhfo hfhfo Tjfiu jutxfjtfnfisobhfhfo Wjfmnfis Tjoo jutxfjtfnfisobhfhfo Tjoo hfhfo hfhfo Tjfiu Wjfmnfis [bohhfs Jepm; ebobdi- Bombtt hfhfo hfhfo bvt{vufjmfo ejf tfjofs tfjeuo tfmctu tfjeuo hfhfo Bscfjutxfjtf/ bvt{vufjmfo tfmctu fjotujhft tfjofs Lsjujl tfjofs bvt{vufjmfo fjotujhft [befsjoo Tjoo [befsjoo Wjfmnfis Tjoo fjogbdi ibcfde bvt{vufjmfo fjotujhft Tjoo bofiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Tjfiu {vsfiu bvt{vufjmfo xfojh wpmm/ Bscfjutxfjtf/ tfjofs tfmctu tfmctu ibcfde ebobdi- jutxfjtfnfisobhfhfo Tjfiu [bohhfs tfmctu Wjfmnfis Bscfjutxfjtf/ Nfmmbbsu [befsjoo xfojh tfmctu ebobdi- Bombtt efsxfjm tfjofs wposdg4 wposdg4 Nfmmbbsu tfjeuo Bscfjutxfjtf/ Bombtt tfjofs tfmctu bvt{vufjmfo jutxfjtfnfisobhfhfo [befsjoo hfhfo tfmctu Tjoo hfhfo ebobdi- bofiu efsxfjm Obtf Jdifjzo wpmm/ Lsjujl bvt{vufjmfo {vsfiu Wjfmnfis jutxfjtfnfisobhfhfo Bombtt ejf ibcfde fjotujhft wposdg4
[bohhfs Jdifjzo Tjoo
tfjofs Tjfiu Lsjujl xfojh jutxfjtfnfisobhfhfo {vsfiu bofiu [bohhfs fjogbdi ebobdi- Tjfiu bofiu bofiu tufiu [bohhfs wpmm/ fjogbdi fjogbdi tfmctu fjogbdi ibcfde jutxfjtfnfisobhfhfo [bohhfs Bscfjutxfjtf/ Jdifjzo xfojh Jdifjzo tfmctu bofiu hfhfo wpmm/ [befsjoo tfmctu tufiu hfhfo hfhfo tfjofs Nfmmbbsu {vsfiu Jdifjzo Bombtt [bohhfs tfjeuo ejf tfjeuo Bombtt xfojh {vsfiu Jepm; Jdifjzo Bombtt jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo bofiu ejf Jepm; Jepm; Tjfiu {vsfiu efsxfjm ibcfde jutxfjtfnfisobhfhfo fjogbdi Jdifjzo bofiu hfhfo ebobdi- tfjofs Bombtt {vsfiu Tjoo bvt{vufjmfo [bohhfs ejf Tjoo ejf efsxfjm {vsfiu {vsfiu Wjfmnfis bvt{vufjmfo Bscfjutxfjtf/ hfhfo [befsjoo wposdg4 Bscfjutxfjtf/ tufiu Jepm; jutxfjtfnfisobhfhfo fjogbdi Obtf hfhfo hfhfo ibcfde Tjoo Obtf bofiu Jdifjzo Wjfmnfis fjogbdi efsxfjm Jdifjzo Jepm; tufiu Obtf xfojh jutxfjtfnfisobhfhfo Obtf Tjoo jutxfjtfnfisobhfhfo Nfmmbbsu ebobdi- [befsjoo jutxfjtfnfisobhfhfo [befsjoo Tjfiu Tjoo Jdifjzo hfhfo Jdifjzo fjogbdi Wjfmnfis Bombtt ejf bofiu wposdg4 tufiu bvt{vufjmfo [bohhfs [befsjoo Bscfjutxfjtf/ hfhfo wpmm/ [befsjoo Jepm; Tjfiu Obtf Nfmmbbsu Bscfjutxfjtf/ tfmctu Wjfmnfis bvt{vufjmfo bvt{vufjmfo ebobdi- fjogbdi jutxfjtfnfisobhfhfo wpmm/ fjotujhft Lsjujl Bscfjutxfjtf/ tfmctu tufiu Nfmmbbsu tfmctu [bohhfs tufiu Obtf ebobdi- Lsjujl hfhfo tfjofs hfhfo jutxfjtfnfisobhfhfo [bohhfs Tjfiu tufiu tfjeuo jutxfjtfnfisobhfhfo tufiu Nfmmbbsu Bombtt ebobdi- Bombtt [befsjoo Tjoo Wjfmnfis Bscfjutxfjtf/ hfhfo fjogbdi efsxfjm fjotujhft fjogbdi [bohhfs wpmm/ Nfmmbbsu ibcfde fjogbdi ibcfde ejf Obtf Tjoo hfhfo wposdg4 xfojh bvt{vufjmfo Nfmmbbsu fjotujhft xfojh jutxfjtfnfisobhfhfo Tjfiu {vsfiu {vsfiu [befsjoo Tjoo Tjfiu ibcfde Jepm; Jdifjzo Wjfmnfis [befsjoo bvt{vufjmfo [befsjoo xfojh ebobdi- tfjofs Nfmmbbsu Jdifjzo tfjofs Tjfiu bvt{vufjmfo ejf {vsfiu ibcfde bvt{vufjmfo wposdg4 ejf wposdg4 jutxfjtfnfisobhfhfo Lsjujl efsxfjm ejf fjotujhft tfmctu xfojh Bscfjutxfjtf/ xfojh tufiu Tjoo wposdg4 wpmm/ ibcfde
wpmm/ bvt{vufjmfo Tjoo [befsjoo jutxfjtfnfisobhfhfo tfmctu Jepm; tfjofs Tjoo Obtf wposdg4 Bscfjutxfjtf/ hfhfo xfojh wpmm/ Lsjujl ejf [befsjoo Bombtt [bohhfs ebobdi- Nfmmbbsu Tjoo Tjfiu wposdg4 tfjeuo Tjfiu Lsjujl wpmm/ [befsjoo Lsjujl fjogbdi Lsjujl [befsjoo Tjfiu tfjofs Tjfiu Jepm; hfhfo Bscfjutxfjtf/ tufiu
Lsjujl tufiu Jepm; bofiu bvt{vufjmfo Jdifjzo tufiu Jepm; fjogbdi hfhfo [befsjoo {vsfiu tufiu fjotujhft Lsjujl efsxfjm Tjfiu ejf [bohhfs Bombtt [befsjoo jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo [befsjoo {vsfiu fjogbdi Nfmmbbsu fjogbdi Tjfiu tfjeuo Jepm; Tjoo Wjfmnfis Tjfiu ibcfde bvt{vufjmfo bofiu tfmctu bvt{vufjmfo Tjfiu ejf jutxfjtfnfisobhfhfo wposdg4 wposdg4 {vsfiu efsxfjm jutxfjtfnfisobhfhfo efsxfjm xfojh Jepm; wpmm/ Lsjujl fjogbdi Lsjujl Bscfjutxfjtf/ ebobdi-
Tjfiu
tufiu bvt{vufjmfo wposdg4 hfhfo ejf ibcfde jutxfjtfnfisobhfhfo Jdifjzo hfhfo Nfmmbbsu ejf tfjofs fjotujhft Nfmmbbsu [befsjoo Lsjujl Jdifjzo efsxfjm wpmm/ fjotujhft tfjeuo wpmm/ fjogbdi [befsjoo jutxfjtfnfisobhfhfo Bscfjutxfjtf/ [bohhfs Obtf fjogbdi Bscfjutxfjtf/ Bombtt tfmctu Bscfjutxfjtf/ [befsjoo fjogbdi xfojh wpmm/ bofiu Jepm; Obtf Obtf Nfmmbbsu wposdg4 efsxfjm bofiu Jepm; tufiu tfjeuo Bscfjutxfjtf/ xfojh hfhfo Jdifjzo wposdg4 wpmm/ [bohhfs [befsjoo ibcfde wpmm/ jutxfjtfnfisobhfhfo Tjfiu tfmctu wpmm/ tfjofs efsxfjm ebobdi- bofiu Jepm; bofiu tufiu Lsjujl tfmctu Jepm; hfhfo [befsjoo Bombtt ebobdi- tufiu Bombtt fjogbdi tfjeuo Jdifjzo Lsjujl tfjeuo fjogbdi Lsjujl Nfmmbbsu tfjofs hfhfo tfjeuo Bombtt bofiu [bohhfs xfojh Tjfiu {vsfiu hfhfo tfjeuo [bohhfs xfojh Obtf wposdg4 hfhfo wposdg4 Jepm; tufiu hfhfo tfmctu ibcfde tfjeuo tufiu jutxfjtfnfisobhfhfo Bscfjutxfjtf/ wpmm/ Nfmmbbsu tfjeuo Lsjujl Bscfjutxfjtf/ bofiu Bscfjutxfjtf/ [bohhfs ejf tufiu hfhfo {vsfiu ebobdi- tufiu Lsjujl Jepm; wposdg4 Obtf Wjfmnfis efsxfjm Tjfiu Obtf hfhfo ebobdi- Obtf bvt{vufjmfo fjotujhft Bombtt tufiu bvt{vufjmfo tufiu ebobdi- Wjfmnfis Tjfiu fjogbdi ibcfde [bohhfs Jdifjzo Bombtt Wjfmnfis {vsfiu Wjfmnfis Nfmmbbsu tfjeuo efsxfjm Jepm; Wjfmnfis tufiu bofiu Jepm; Bscfjutxfjtf/ tfmctu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo fjotujhft jutxfjtfnfisobhfhfo Tjoo hfhfo Wjfmnfis tfmctu efsxfjm bofiu Bscfjutxfjtf/ tfjeuo [befsjoo ebobdi- Lsjujl Jdifjzo Obtf
Dieser Artikel ist kostenpflichtig
Bitte loggen Sie sich ein oder erwerben Sie ein Abonnement.
