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On Monday 6th October 2008, BNP Paribas announced it has agreed to take control of Fortis' operations in Belgium and Luxembourg, as well as the international banking franchises, for a total consideration of €14.5 billion.
This transaction provides BNP Paribas with the opportunity to roll out further its integrated banking model in Europe. As a result of this transaction, BNP Paribas will have two new domestic markets, Belgium and Luxembourg, to add to its existing domestic markets in France and Italy.
This deal confirms BNP Paribas' position as the Eurozone's leading cross-border bank with 4 domestic markets.Documents:English Amendments to the terms governing the acquisition of Fortis' activities in Belgium and Luxembourg
, dated 2nd February 2009 BNP Paribas notes today's ruling by the Brussels Commercial Court
, dated November 18th 2008 BNP Paribas expands its pan-European footprint with the operations of Fortis in Belgium and Luxembourg
, dated October 6th 2008Presentation to Investors
, dated October 6th 2008DutchBNP Paribas heeft akte genomen van de beslissing van de Rechtbank van Koophandel in Brussel vandaag
, dated November 18th 2008BNP Paribas versterkt haar pan-Europese aanwezigheid met de activiteiten van Fortis, in België en Luxemburg
, dated October 6th 2008SpanishLeer el comunicado de prensa
del 6 de octubre de 2008RussianRead the press release, in Russian