Fortis to sell assets up to Euro 10 bn
Belgian-Dutch bank Fortis said on Friday it would sell assets worth up to 10 billion euros as its shares plummeted yet again amid fears of a liquidity crisis.
By Agencies |
THE HAGUE: Belgian-Dutch bank Fortis said on Friday it would sell assets worth up to 10 billion euros as its shares plummeted yet again amid fears of a liquidity crisis.
"It has been decided to implement a wider range of activities of assets to be divested/sold," it said in a statement.
"So far, more than 10 files have been earmarked both in Bank and Insurance. These activities to be divested are located (both) inside and outside (the Benelux (countries). The total estimates are between five and 10 billion euros."
"It has been decided to implement a wider range of activities of assets to be divested/sold," it said in a statement.
"So far, more than 10 files have been earmarked both in Bank and Insurance. These activities to be divested are located (both) inside and outside (the Benelux (countries). The total estimates are between five and 10 billion euros."
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