Mr. Ronan Gallagher:

We did that study at a point when we were not clear about the costs. The IAA is a company with an annual turnover of €200 million. We are talking about set up costs in this context of about €5 million to €6 million in the transition phase. The costs thereafter will be relatively small. They will involve changes in headcount, approximately ten extra staff, and that type of thing. Part of our deliberations will also involve the fact that there is a considerable cash reserve in the company by virtue of its performance over the last seven or eight years. That will also act as a buffer during the transition.