Fortis acquires remaining stake in Beta Capital

Article Abstract:

Fortis NV has acquired the remaining share of 70% that it did not already own in Beta Capital SVB SA. Fortis acquired the share for an undisclosed amount.

Commercial Banking, Asset sales & divestitures, Netherlands, Private Deposit Money Banks, Private depositories, Beta Capital SVB S.A.

---

Spanish banks become major global players; BBVA-Compass deal is just the latest; target - U.S. market

Article Abstract:

The recent acquisition of U.S. bank Compass Banchsares Inc. by Spanish bank Banco Bilbao Vizcaya Argentaria is part of a move to make Spanish banks more powerful and profitable in the global marketplace.

United States, Spain, Banco Bilbao Vizcaya Argentaria, Compass Bancshares Inc., CBSS

---

Fortis restructures division, to cut jobs due to ABN deal

Article Abstract:

Fortis N.V. has undergone restructuring of its funds division in preparation for its merger with Dutch financial services company ABN AMRO Asset Management in April 2008. Fortis was part of a consortium that acquired ABN AMRO Holding N.V. in 2007. The combined firm is expected to have approximately $356 bil under management.

Organizational history, Company restructuring/company reorganization, Reorganization and restructuring, Company organization, ABN AMRO Asset Management

Similar abstracts:

• Abstracts: Sanofi and Synthelabo agree to merge forming a top 20 global drug maker. Aventis to sell research center in France to subsidiary of DuPont
• Abstracts: Softbank profit soars despite decline of dot-com market (Softbank Corp.). Softbank warns currency swings may cause loss
• Abstracts: Campaign to build a better bra has 'secret' motives; Mrs. Wachner takes aim at giant Victoria's Secret. Wachner departs as Warnaco chief after 15 years
• Abstracts: Kuoni focuses its growth strategy on existing and online travel market. C&N remains interested in buying Thomson Travel despite rebuff
• Abstracts: DuPont posts $82 million loss, plans $5 billion share buyback. DuPont job cuts will mean charge for second quarter

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.