FortisEffect, the group of dissident shareholders opposed to the break-up and nationalisation of Fortis, has lost its attempt to stop the break-up of the company. The commercial court in Amsterdam earlier this week ruled that it could not freeze the sale of the insurance units because it had already partially happened and there were practical objections […]
Read MoreThe Fortis shareholders’ meeting in Ghent, Belgium was stopped for half an hour, according to Radio Netherlands, after the Tuesday meeting descended into chaos. Shareholders angry at the proposed sale of Fortis Bank to French BNP Paribas threw shoes, coins and ballot boxes at management and demanded the board’s resignation. The revolt was led Lawyer […]
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