Fortis announced today that Fortis Bank has sold its remaining 144 million shares, representing 4% of the BCP share capital, to international investors.
The transaction is part of Fortis's plan to dispose of non-core assets to help finance the acquisition of some activities of ABN AMRO, which a consortium made up of Fortis, Santander and Royal Bank of Scotland is acquiring through a public offer.
Fortis remains committed to the bancassurance joint venture it has been operating with BCP Millennium, and which has proved successful since its inception in 2005.
Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners.
With a market capitalisation of EUR 35.1 billion (31/08/2007), Fortis ranks among the 20 largest financial institutions in Europe. Our sound solvency position, our presence in 50 countries and our dedicated, professional workforce of 60,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available at www.fortis.com.
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