Your Search Returned 17 tagged news reports
The Belgian vote, at a stormy meeting on Tuesday, was almost 73% in favour. . In contrast to the Ghent meeting, at which shoes and other missiles were thrown at the board, the Utrecht meeting passed off peacefully. Opponents of the takeover wanted Fortis...
Tags: Fortis Bank of Belgium, BNP Paribas SA, Fortis Sale, Fortis NV
The Dutch half of the former Fortis NV said Thursday it swung to a loss last year, hit by a €17.7 billion ($24.07 billion) write-down related to the sale of its ABN Amro assets to the Dutch government. Fortis Bank Netherlands posted a net loss of €18.49...
Tags: ABN Amro, Fortis Bank Netherlands Swings, Fortis Bank Nederland, Dutch, Fortis NV, billion euros
Belgium is scrambling to secure the planned sale of troubled banking group Fortis NV to BNP Paribas SA just days ahead of a shareholder vote after the largest shareholder, a Chinese insurer, said Sunday that it will vote to block the deal...Belgian government's...
Tags: Vote Against Fortis Sale, Fortis NV, Co. of China Ltd., BNP Paribas SA, largest shareholder
The delay came after a Brussels court ruling on December 12 which said shareholders must be consulted...For the full Fortis statement, click here Readers' comments Place your comments:
Tags: Fortis NV, BNP Paribas, currencies deals, million euros, U.S
Trading will be suspended until ‘Fortis publishes a statement outlining the financial consquences of the court decision,’ the Belgian stock exchange said in a statement. The Brussels appeal court on Friday ruled that Fortis must seek shareholder approval...
Tags: Fortis Bank Belgium, Fortis NV, BNP Paribas, court ruling
But investors were not impressed by the new-look group, and the share price fell to as low as €1.78 in late morning trading. Fortis was last traded on October 3, when it closed at €5.41. All Fortis' banking activities and Dutch and Belgian insurance activities...
Tags: Fortis NV
The benchmark Shanghai Composite Index fell 5.2 percent, or 120.05 points, to 2,173.74...News that China's securities regulator plans to allow margin trading on a trial basis was overshadowed by concern over the effectiveness of the $700 billion plan,...
Tags: China, Fortis NV, Hong Kong Stock Exchange, billion yuan, credit crisis
Netherlands The Dutch government said Friday it will buy all operations of Fortis NV in the Netherlands for 16.8 billion euros ($23.2 billion) as the troubled bank teetered on the edge of insolvency. The Dutch government had participated in a three-way...
Tags: Fortis NV, Netherlands The Dutch, billion euros, The Netherlands
The Netherlands government nationalised the Dutch activities of embattled Belgian-Dutch banking group Fortis Friday in a 16.8 billion euro deal to ease pressures from the global financial crisis. The 23.5 billion dollar purchase sees the government take...
Tags: Fortis Luxembourg, Fortis NV, Netherlands, Luxembourg Budget, Belgium, billion euro, buy fortis, troubled banks, Dutch
The central bank ‘referred to the exceptional circumstances on international financial markets, the uncertainty with regard to the future shareholder in ABN Amro bank and the implications of this uncertainty for all parties involved’, Fortis said in a...
Tags: Fortis Bank, Fortis NV, ABN Amro Bank, China, ABN Amro Holding NV, financial market, severe market, billion euro, fortis scraps, management arm