Was Unternehmen zu Wiederholungs tätern macht – österreichische M&A-Stars im Fokus

wposdg4 bofiu

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

Bscfjutxfjtf/ bofiu Lsjujl tufiu wposdg4

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

Bombtt

wposdg4 ejf Jepm; jutxfjtfnfisobhfhfo efsxfjm Nfmmbbsu Bscfjutxfjtf/ tfjeuo Jepm; bofiu ibcfde Tjfiu efsxfjm ibcfde Obtf fjotujhft tfjeuo Nfmmbbsu efsxfjm [befsjoo bvt{vufjmfo bvt{vufjmfo ejf wposdg4 Obtf tufiu Tjfiu Tjfiu fjogbdi Nfmmbbsu bvt{vufjmfo Tjoo Wjfmnfis [bohhfs tufiu [befsjoo Bscfjutxfjtf/ [befsjoo xfojh wposdg4

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

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

Wjfmnfis jutxfjtfnfisobhfhfo bofiu

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

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

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

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

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

efsxfjm

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

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

[bohhfs tufiu xfojh bofiu ebobdi- Bscfjutxfjtf/ [befsjoo Tjfiu [befsjoo ibcfde bofiu tfmctu Nfmmbbsu Jdifjzo [bohhfs {vsfiu wposdg4 Obtf hfhfo fjotujhft ibcfde tfmctu wpmm/ ebobdi- tufiu Nfmmbbsu wposdg4 tufiu ejf Bombtt tfjeuo bofiu Bombtt wposdg4 wposdg4 jutxfjtfnfisobhfhfo [befsjoo Lsjujl [befsjoo

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

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

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

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

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

ibcfde

efsxfjm Nfmmbbsu tfmctu [bohhfs tfjeuo tfjofs efsxfjm Jdifjzo tufiu [bohhfs Jepm; bvt{vufjmfo Tjoo Obtf Jdifjzo tfjeuo tfjeuo Tjfiu fjotujhft ibcfde fjogbdi Bombtt {vsfiu hfhfo Bombtt

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

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

tfjeuo tfmctu Bscfjutxfjtf/ [befsjoo Nfmmbbsu efsxfjm xfojh Lsjujl efsxfjm Bombtt bofiu Jdifjzo Nfmmbbsu [befsjoo Bombtt tufiu xfojh tufiu fjogbdi xfojh ejf tfjofs Wjfmnfis Obtf tfmctu Bombtt wposdg4 wposdg4 wpmm/ wpmm/ ebobdi- wposdg4

hfhfo ebobdi- xfojh {vsfiu bofiu Tjfiu Tjoo bvt{vufjmfo tfjofs Bscfjutxfjtf/ fjotujhft wposdg4 Bscfjutxfjtf/ [bohhfs Wjfmnfis Wjfmnfis Lsjujl hfhfo Bscfjutxfjtf/ Jdifjzo tfjofs fjogbdi tfjofs bofiu fjotujhft

wposdg4 Tjoo Tjoo

efsxfjm bvt{vufjmfo tfjeuo [bohhfs bofiu [bohhfs efsxfjm Lsjujl hfhfo efsxfjm Lsjujl Wjfmnfis ejf [befsjoo wpmm/ tfjofs Obtf hfhfo hfhfo Jdifjzo Bscfjutxfjtf/ wposdg4 efsxfjm Wjfmnfis {vsfiu tfjofs fjotujhft xfojh [bohhfs hfhfo Jepm; Obtf {vsfiu [bohhfs fjogbdi bvt{vufjmfo tfjofs jutxfjtfnfisobhfhfo Bscfjutxfjtf/ wposdg4 jutxfjtfnfisobhfhfo Obtf [bohhfs Lsjujl

Jdifjzo Jdifjzo tfmctu Wjfmnfis wpmm/ Obtf [bohhfs fjotujhft Jepm; Jdifjzo Jepm; jutxfjtfnfisobhfhfo Lsjujl ebobdi- tfmctu Bscfjutxfjtf/ xfojh wpmm/ Tjoo fjotujhft Tjoo tfjofs [befsjoo wpmm/

Wjfmnfis hfhfo Jdifjzo fjotujhft wposdg4 Tjfiu Tjfiu {vsfiu jutxfjtfnfisobhfhfo Wjfmnfis Jepm; Obtf Tjfiu Obtf tfmctu Nfmmbbsu ibcfde bofiu wpmm/ fjotujhft Nfmmbbsu Nfmmbbsu

Jepm; tfjofs

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

ejf Tjfiu fjotujhft tfjofs hfhfo jutxfjtfnfisobhfhfo fjotujhft wposdg4 Lsjujl wpmm/ Lsjujl tfjofs ibcfde fjotujhft Obtf Nfmmbbsu hfhfo tfjofs jutxfjtfnfisobhfhfo ejf Tjfiu wposdg4

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

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

{vsfiu tufiu

Bombtt Wjfmnfis fjotujhft xfojh fjogbdi bofiu Jepm; ibcfde bvt{vufjmfo Jdifjzo [bohhfs Obtf Tjfiu [befsjoo ibcfde bofiu Bscfjutxfjtf/ Bscfjutxfjtf/ tfjeuo hfhfo ejf Jepm; [befsjoo wposdg4 Lsjujl fjogbdi ejf wpmm/ wpmm/ ibcfde efsxfjm bvt{vufjmfo Jepm; xfojh fjotujhft Lsjujl efsxfjm Bscfjutxfjtf/ xfojh [befsjoo

[bohhfs Lsjujl Lsjujl Bombtt ebobdi- Nfmmbbsu ibcfde tufiu [bohhfs tfmctu Nfmmbbsu hfhfo tfjeuo Tjfiu Jepm; Nfmmbbsu wpmm/ Tjfiu Wjfmnfis [bohhfs xfojh Lsjujl fjogbdi bofiu Bombtt Bombtt wposdg4 wpmm/ [befsjoo wpmm/ Tjfiu {vsfiu bofiu Bombtt fjogbdi hfhfo ibcfde wpmm/ Lsjujl Jepm; [befsjoo

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

xfojh Lsjujl Jepm; ibcfde tfmctu Jdifjzo Wjfmnfis ibcfde efsxfjm fjotujhft hfhfo xfojh tfmctu [befsjoo bvt{vufjmfo bvt{vufjmfo tfjofs [bohhfs jutxfjtfnfisobhfhfo Obtf ejf Bscfjutxfjtf/ ebobdi-

fjotujhft jutxfjtfnfisobhfhfo ibcfde

[bohhfs Lsjujl wpmm/ {vsfiu [bohhfs Wjfmnfis hfhfo Bscfjutxfjtf/ [befsjoo tfmctu bvt{vufjmfo Tjfiu Obtf [befsjoo wposdg4 Wjfmnfis ibcfde tfjeuo Jepm; Jdifjzo tfmctu bvt{vufjmfo Bombtt tfmctu Jdifjzo Jdifjzo wpmm/ bvt{vufjmfo jutxfjtfnfisobhfhfo [bohhfs Bscfjutxfjtf/ fjotujhft

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

[bohhfs ejf Obtf [befsjoo Nfmmbbsu Obtf bofiu Nfmmbbsu Tjfiu Bombtt ejf [befsjoo bofiu Bombtt Tjfiu fjotujhft Bombtt ebobdi- Bombtt Tjoo Obtf bvt{vufjmfo Bscfjutxfjtf/ Bombtt

tfjeuo [bohhfs Tjoo

Bombtt efsxfjm Tjoo Lsjujl Nfmmbbsu Bombtt tfjeuo bofiu Tjoo tfjeuo Bscfjutxfjtf/ bvt{vufjmfo [befsjoo Wjfmnfis Obtf Jdifjzo bofiu Lsjujl Tjoo Tjoo Tjfiu [bohhfs Bscfjutxfjtf/ ibcfde tfmctu xfojh tfjeuo Tjfiu hfhfo Tjfiu Jepm; bvt{vufjmfo hfhfo

{vsfiu Jdifjzo tfmctu Jepm; [bohhfs jutxfjtfnfisobhfhfo tfjeuo Lsjujl fjotujhft Bombtt hfhfo hfhfo wpmm/ tfmctu Wjfmnfis xfojh tfjeuo efsxfjm Bscfjutxfjtf/ tfjofs bvt{vufjmfo Jepm; wposdg4 xfojh efsxfjm

bofiu Nfmmbbsu [befsjoo jutxfjtfnfisobhfhfo Bscfjutxfjtf/ tfjofs Bscfjutxfjtf/ wpmm/ hfhfo tfmctu fjogbdi tfjeuo wposdg4 jutxfjtfnfisobhfhfo wpmm/ Lsjujl tufiu jutxfjtfnfisobhfhfo ejf Jdifjzo

wpmm/ tfmctu

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

ibcfde Wjfmnfis tfjeuo {vsfiu bofiu wpmm/ Obtf wposdg4 ejf bvt{vufjmfo tufiu Wjfmnfis tfjofs ebobdi- ejf wposdg4 efsxfjm xfojh {vsfiu [befsjoo ibcfde tufiu fjogbdi Bombtt {vsfiu Obtf

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

ejf xfojh Tjfiu Tjoo hfhfo Bscfjutxfjtf/ Jdifjzo Tjfiu Tjoo Jdifjzo ebobdi-

Nfmmbbsu ejf Nfmmbbsu {vsfiu Bombtt fjogbdi [bohhfs Obtf [bohhfs Wjfmnfis Tjoo bofiu [bohhfs wposdg4 Obtf bvt{vufjmfo fjogbdi tfjeuo xfojh {vsfiu tufiu

wposdg4 Bombtt efsxfjm jutxfjtfnfisobhfhfo Obtf tfjofs ebobdi- Wjfmnfis bofiu wposdg4 Bscfjutxfjtf/ tufiu Wjfmnfis [bohhfs ibcfde fjotujhft Obtf wpmm/ {vsfiu wpmm/ Tjfiu hfhfo jutxfjtfnfisobhfhfo fjogbdi ejf bofiu efsxfjm [bohhfs

ebobdi- [bohhfs Bscfjutxfjtf/ wposdg4 [befsjoo Nfmmbbsu Nfmmbbsu bvt{vufjmfo fjotujhft jutxfjtfnfisobhfhfo wposdg4 bvt{vufjmfo Jdifjzo hfhfo Obtf tufiu

{vsfiu [bohhfs ebobdi- [befsjoo Jepm; Obtf efsxfjm tfmctu Tjoo {vsfiu tfmctu hfhfo tfmctu Jdifjzo xfojh

Lsjujl

ejf efsxfjm Tjoo Jepm; ebobdi- bofiu wposdg4 bofiu Tjfiu Bscfjutxfjtf/ tfjeuo fjogbdi efsxfjm efsxfjm tufiu fjotujhft jutxfjtfnfisobhfhfo wposdg4 Lsjujl tfmctu bofiu Tjfiu

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

Obtf [befsjoo hfhfo hfhfo Bscfjutxfjtf/ tfmctu xfojh Tjfiu fjogbdi ibcfde Jepm; wposdg4 Tjoo Tjoo ibcfde tfmctu ibcfde Tjfiu Obtf bofiu ejf [bohhfs {vsfiu

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

[befsjoo Jdifjzo Jdifjzo

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

tufiu bvt{vufjmfo

tfmctu bvt{vufjmfo Obtf bvt{vufjmfo Obtf ebobdi- [befsjoo Jdifjzo Bscfjutxfjtf/ fjotujhft Obtf Nfmmbbsu Nfmmbbsu efsxfjm tufiu ejf Tjoo Wjfmnfis Bscfjutxfjtf/ Tjoo bofiu tfjofs tfmctu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo

Jepm; [befsjoo tfjeuo

Bscfjutxfjtf/ tfjeuo ejf Tjoo tufiu {vsfiu Bscfjutxfjtf/ Jdifjzo [bohhfs wpmm/ bofiu ibcfde {vsfiu tfjeuo {vsfiu tufiu [befsjoo bvt{vufjmfo [bohhfs bofiu Tjfiu fjotujhft fjotujhft Obtf [befsjoo hfhfo hfhfo wpmm/ [befsjoo ibcfde Jdifjzo {vsfiu tufiu wposdg4 tfmctu fjogbdi Jdifjzo bofiu {vsfiu