Fortis Is Bailed Out As Buyers Stay Away ; Credit Crunch
Evening Standard - London › September 29, 2008
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Summary
FINANCIAL services giant Fortis has become the first Eurozone casualty of the economic crisis, being forced into a shotgun nationalisation in which the Dutch, Belgian and Luxembourg gov- ernments have injected EUR 11.2 billion ([pounds]8.87 billion).
No buyers emerged despite talks with Dutch bank ING and Frances BNP Paribas.See the full content of this document
Extract
Fortis Is Bailed Out As Buyers Stay Away ; Credit Crunch
ING shares opened higher this morn-ing, however, on speculation it may pick up Fortiss assets in Dutch bank ABN Amro cheaply....
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