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BNP Paribas completes the acquisition of Fortis Bank and forms a strategic partnership in insurance

12 May 2009 ---

Fortis bank is now part of the BNP Paribas Group, which becomes the number 1 bank in the eurozone by deposits with a domestic retail business now in four founding countries of the European Union: Belgium, France, Italy and Luxembourg.

The board of directors of BNP Paribas, chaired by Michel Pebereau, approved the transfer by SFPI, a wholly-owned Belgian State company, of 54.55% of shares and voting rights of Fortis Bank to BNP Paribas. In consideration for this transfer, BNP Paribas issued 88,235,294 ordinary shares to SFPI...

To read the complete press release, click here.

Official date : 12/05/2009