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FORTIS (PINKSHEETS:FORSY) In response to today's media reports about the approval process regarding the joint venture with Ping An, Fortis and Ping An confirm that this process is ongoing.
The regulatory application is proceeding as normal. Target is to close the process in the second half of this year.
Fortis is an international provider of banking and insurance services to personal, business and institutional customers. We deliver a total package of financial products and services through our own high-performance channels and via intermediaries and other partners. Fortis ranks among Europe's top 20 financial institutions. We have a presence in over 50 countries and a dedicated, professional workforce of more than 65,000. All this makes us a leader in financial services in Europe, a top 3 private banker and a top tier asset manager. More information is available at www.fortis.com.
