The Governments of Belgium, the
The Government of the
The Government of Luxembourg is to invest EUR 2.5 billion in Fortis Banque Luxembourg SA in the form of a mandatory convertible loan. Next to other rights, the Governmetn of Luxembourg will be entitled, upon conversion, to 49% of Fortis Banque
“The actions taken by the Belgian,
Fortis will sell its stake in RFS Holdings, part of ABN AMRO for a price below the acquisition price of EUR 24 billion, which will lead to an impairment.
Maurice Lippens has decided to step down from the board and a new chairman will be recruited from outside the company in consultation with the Belgian government. In addition, the governments of
Fortis is an international provider of banking and insurance services to personal, business and institutional customers. It has a presence in over 50 countries and employs more than 65,000 people.
Date: 28th, September, 2008
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