Reuters UK (Free subscription) | 12 hours ago
PARIS/BRUSSELS (Reuters) - BNP Paribas has scooped up Fortis's assets in Belgium and Luxembourg to become the euro zone's biggest deposit bank after a weekend of frantic talks with the authorities in the two countries eager to stem a cash drain on Fortis and Dexia banks.
The Telegraph (Free subscription) | 2 hours ago
France's BNP Paribas became the Eurozone's largest deposit bank after agreeing a deal to buy Fortis' Belgium and Luxembourg divisions for €14.5bn £11.3bn.
Banking Times: Daily Banking News (Free subscription) | 9 hours ago
France’s largest bank, BNP Paribas, is acquiring the Belgium and Luxembourg business of European finance and insurance giant, Fortis. Last week, Fortis received a multi-billion injection of cash from the governments of Belgium, the Netherlands and Luxembourg, which have all now agreed to reduce their holdings in the group. The move has allowed BNP to take up [...]
Times Online (Free subscription) | 13 hours ago
BNP Paribas, the French bank, agreed this morning to pay €14.5 billion (£11.2 billion) in cash and shares to take control of stricken bank Fortis.
Reuters UK (Free subscription) | 14 hours ago
* BNP says Fortis deal has aggregate consideration of 14.5 billion euros, including 9 billion in stock, 5.5 billion in cash * Says deal is earnings accretive from year one
Reuters UK (Free subscription) | 14 hours ago
PARIS (Reuters) - BNP Paribas , France's biggest listed bank, said on Monday it was paying 14.5 billion euros (11.2 billion pounds) to take control of European financial group Fortis and boost its European market share.
ireland.com (Free subscription) | 14 hours ago
BNP Paribas, France's biggest listed bank, said this morning it was paying €14.5 billion ($20.1 billion) to take control of European financial group Fortis and boost its European market share.
The Washington Times (Free subscription) | 22 hours ago
The Belgian prime minister says French banking giant BNP Paribas will take a majority 75 percent share of troubled bank Fortis NV.
CNNMoney.com (Free subscription) | 21 hours ago
Read full story for latest details.
Star Tribune (Free subscription) | 22 hours ago
Broadcaster RTBF, citing sources close to the negotiations, reported that French banking giant BNP Paribas would take an 80 percent stake in Fortis, while the other 20 percent of shares would be controlled by the Belgian and Luxembourg governments. Government officials did not confirm the report.
San Fransisco Chronicle (Free subscription) | 22 hours ago
The Belgian prime minister says French banking giant BNP Paribas will take a majority 75 percent share of troubled bank Fortis NV. Prime Minister Yves Leterme says the Belgian and Luxembourg governments will in turn take a blocking minority share in BNP...
Times of India (Free subscription) | 18 hours ago
French banking giant BNP Paribas will take a 75 per cent stake in the remaining operations of troubled bank Fortis NV, the Belgian government announced on Sunday.
USA Today (Free subscription) | 19 hours ago
French banking giant BNP Paribas will take a 75% stake in the remaining operations of troubled bank Fortis NV, the Belgian government ...
Deutsche Welle: DW-WORLD.DE (Free subscription) | 19 hours ago
Belgian Prime Minister Yves Leterme has confirmed that the French banking giant BNP Paribas will acquire a majority holding in the troubled financial services group Fortis. BNP is to take over 75 percent of Fortis capital in Belgium, as well as 66 percent of the company's assets in Luxembourg. The news comes after a rescue plan broke down on Friday in The Netherlands.
USA Today (Free subscription) | 21 hours ago
French banking giant BNP Paribas will take a 75% stake in the remaining operations of troubled bank Fortis NV, the Belgian government ...
