En attendant le solde des titres CGER, Fortis dig re la G n rale de Banque et songe d'autres acquisitions
Article Abstract:
Fortis, the Belgian bank-insurance group that recently purchased G n rale de Banque, has further acquisition plans for the future. In the coming months, Fortis is considering takeovers in Asia and the USA, as well as in Europe. However any purchase that is made between September and December 1998 will be minor. Within the banking division of Fortis (made up of G n rale de Banque, the CGER-Banque and MeesPierson), Fortis is aiming to increase links, particularly between G-Banque and the CGER. Fortis plans to purchase the 25.1% of CGER still held by the Belgian State, this operation will be financed by a Fl 4bn increase in the capital of Fortis Amev. The increase in capital was supposed to have gone ahead in June 1998, but will now take place shortly
Comment:
Plans further acquisition for the future & considers takeovers in Asia and the USA
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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Assubel se s pare d'un cinqui me de son effectif
Article Abstract:
Assubel should work at cutting its running costs by 3-4% according to the manager in charge of human resources, Marc Honinckx. The Belgian insurer's costs are quite above average in the sector, he says. The company will also implement a structure based on two departments, companies and private individuals, instead of today's system based on the different activities, Honinckx says. The insurer will also lose one fifth of its staff of 2,000. These measures are part of a restructuring programme for which the parent company, the French insurance group AGF, set aside FFr 426mn in provisions.
Comment:
Should work at cutting its running costs by 3-4% according to manager in charge of human resources, Marc Honinckx
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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