Fortis-G-Banque : feu vert europ en/

Article Abstract:

The merger of Fortis and G-Banque will not generate an entity with a dominant position in Europe, the European Commission estimated on 26 June 1998, though it will grab huge shares in a number of financial markets in Belgium. That day, the EC okayed the operation through which Fortis will take 32.8% of G n rale de Banque, the Belgian banking network. That day, Fortis completed a share exchange offer on G-Banque.

Comment:

Merger w/ Fortis Group will not generate entity w/ dominant position in Europe, the European Commission estimated on 6/26/98

Netherlands, Fortis Group, Generale Bank

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Ohra s'est offert la Bank van Limburg

Article Abstract:

The Dutch insurer Ohra is expected to market its products through Bank van Limburg's network. This should happen after Ohra took 76% of the Belgian bank, worth BFr 7.5bn in balance and 22,000 clients. The acquisition allows Ohra to put a foothold in the Limburg area in Belgium, following the acquisition of Le Recours Belge which allowed it to put a foothold in the Walloon region earlier in 1998.

Comment:

Is expected to mkt prod through Bk van Limburg's ntwk after taking over 76% of the bk for BFr7.5 bil in balance & 22,000 clients

Asset sales & divestitures, Bank van Limburg, OHRA

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