ABN AMRO lance sur la G-Banque une contre-offre/
Article Abstract:
On 26 May 1998, ABN-AMRO emerged as a surprising potential bidder for G n rale de Banque (G-Banque), the Belgian banking network which was supposed to join the Belgian and Dutch banking and insurance group, Fortis. The project by the Dutch banking groupo would give birth to the biggest bank in Europe, ABN-AMRO said. As a condition, the group said that it should get at least 60% of G-Banque's stocks as part of its friendly take-over bid. ABN-AMRO offers BFr 27,000 per G-Banque stock, a 9.6% bonus compared to the offer by Fortis. The big question now is how Fortis is to react following this operation. The group controls some 33% of G-Banque today.
Comment:
Emerges as potential buyer for Generale de Banque (G-Banque), Belgian banking network, w/ offer of BF27,000 per G-Banque stock
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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Offres de nature diff rente : la CBF place Fortis AG et ABN AMRO dos dos
Article Abstract:
The Belgian and Dutch bank and insurance group Fortis is expected to issue its take-over bid on G n rale de Banque (G-Banque) the same day as the Dutch bank group ABN-Amro. That day is expected to be 10 June 1998. ABN-Amro proposes 19 of its ordinary stocks plus BFr 9,000 in return for one G-Banque's while Fortis offers seven of its stocks in return for three G-Banque's. Financially speaking, the offer of Fortis is less competitive but ABN-Amro might cancel its own offer in case it does not get at least 60% of G-Banque's stocks.
Comment:
Fortis is expected to issue its take-over bid on Generale de Banque-Generale Bank the same day as the Dutch bank group
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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GBL rach te 9,84% de son propre capital AXA
Article Abstract:
Belgian concern Groupe Bruxelles Lambert (GBL) wants to buy back the 9.84% share controlled by French insurer AXA in GBL's capital - 2,391,348 shares. These shares are to be reintroduced on the financial market, GBL said. The Belgian group is also interested in buying back the 3.27% share controlled by Royale Belge in its capital. Some BFr 20bn may be invested to carry out this operation.
Comment:
Is likely to get offer from Groupe Bruxelles Lambert for repurchase of 3.27% share controlled by co
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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