Benelux countries inject 11.2 billion euros in Fortis

BRUSSELS: The Belgian, Dutch and Luxembourg governments will inject 11.2 billion euros into troubled financial group Fortis, Belgian Prime Minister Yves Leterme said Sunday.

The move was part of "concerted action by the three governments and the respective supervisory authorities to support Fortis," according to a statement issued after high-level crisis talks to rescue the group.

Fortis saw nearly a quarter of its value on the stock market wiped out over the last week as it battled to dispel repeated concerns about its liquidity, insisting as recently as Friday that it had ample funding.