woensdag 12 november 2008

Fortis definitely sold correctly?

Last week the public prosecutor stated the sale of Fortis to BNP Paribis not legally valid. The lawyers of Fortis, BNP Parabis and the government now declared in summary proceedings that Fortis was definitely sold correctly and the government was definitely allowed to negotiate.

According to the law the stockholders’ meeting mustn’t deal with the sale of parts of Fortis. The defence states this would lead to an even bigger insecurity on a market that is already in recession.

This summary proceedings are only temporary proceedings and cannot leave finale decisions to the stockholders’ meeting. The commercial court of Brussels will give a verdict next Tuesday.





Lotte Van Meirvenne


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