At a press conference earlier today, Belgian Prime Minister Yves Leterme announced that the Fortis banking and insurance concern will be dismantled. Belgium will acquire Fortis Bank Belgium and the Netherlands have agreed to purchase ABN AMRO and Fortis Insurance The Netherlands for 16.8 billion euros. Luxemburg is expected to follow suit by nationalizing Fortis Bank Luxemburg. (Source: De Tijd, De Standaard).
Prime Minister: Fortis to be dismantled3 10 2008