BNP pays €14.5bn to take control of Fortis

Author (Person)
Series Title
Series Details 6.10.08
Publication Date 06/10/2008
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BNP Paribas, the French bank, will take control of the remaining assets of Fortis, 5 October 2008 after the Belgian government was forced to find a buyer following the shock Dutch nationalisation of its part of the troubled banking and insurance group a few days earlier

Related Links
ESO: Background information: Fortis's woes lie with ABN Amro deal http://www.europeansources.info/record/fortiss-woes-lie-with-abn-amro-deal/
ESO: Background information: Action allays fears about cross-border EU rescues http://www.europeansources.info/record/action-allays-fears-about-cross-border-eu-rescues/
France24, 6.10.08: France's BNP Paribas confirms Fortis deal http://www.france24.com/en/20081006-fortis-france-bank-luxembourg-belgium-bnp&navi=EUROPE
BBC News, 5.10.08: Brussels moves to salvage Fortis http://news.bbc.co.uk/1/hi/business/7653496.stm
Deutsche Welle, 4.10.08: Benelux Governments Break Up Fortis Group http://www.dw-world.de/dw/article/0,2144,3689711,00.html
Radio Netherlands Worldwide, 3.10.08: Dutch government nationalises Fortis http://www.rnw.nl/english
Radio Netherlands Worldwide, 4.10.08: Banking on a truly European approach? http://www.rnw.nl/english
Radio Netherlands Worldwide, 6.10.08: Major bank rescue deals in Europe http://www.rnw.nl/english
NRC Handelsblad, 3.10.08: Dutch government nationalises Fortis and ABN Amro http://www.nrc.nl/international/article2008873.ece/Dutch_government_nationalises_Fortis_and_ABN_Amro
BBC News, 15.12.08: Belgium to fight Fortis verdict http://news.bbc.co.uk/2/hi/business/7784841.stm
France24, 15.12.08: Belgium to appeal court ruling on Fortis deal freeze http://www.france24.com/en/20081215-belgium-appeal-freeze-fortis-deal-bnp-small-shareholders

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