On the sixth of October the Belgian government sold 75% of Fortis Bank Belgium to the French bank BNP Paribas for 14.5 billion euros.
BNP Paribas could obtain this bargain because Fortis Belgium was headed to bankruptcy due to the financial crisis in the banking sector.
The Belgian government could have tried to nationalize Fortis but chose to sell it to a private bank without contacting the shareholders of Fortis.
Even today the storm isn't settling down: shareholders are still worried and Fortis shares are tumbling down.
Hanne Leus
1 opmerking:
On the sixth of October the Belgian government sold 75% of Fortis Bank Belgium to the French bank BNP Paribas for 14.5 billion euros.BNP Paribas could obtain this bargain because Fortis Belgium was headed [heading] to bankruptcy due to the financial crisis in the banking sector.The Belgian government could have tried to nationalize Fortis but chose to sell it to a private bank without contacting the shareholders of Fortis.Even today the storm isn't settling down: shareholders are still worried and Fortis shares are tumbling down.
Hanne Leus
Good flow & style
olaf
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