Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
FORTIS (EBR:FORB) As indicated on October 14th, 2008, Fortis will not publish its interim financial statements on the third quarter, (originally foreseen for November 3rd ). Fortis will provide an intermediate update on November 19.
Confronted with a systemic financial crisis in 2008, Fortis has undergone a complete metamorphosis. Its banking and insurance activities have been acquired by the Dutch and Belgian States of which the non-Dutch activities will be acquired by BNP Paribas subsequently. Fortis holding will henceforth include the international insurance activities, a 66% stake in a structured credit portfolio entity and financial assets and liabilities of the different financing vehicles.
Fortis Insurance International is present in UK, France, Hong Kong, Luxembourg (Non-Life), Germany, Turkey, Russia, Ukraine and has joint-ventures in Luxembourg (Life), Portugal, China, Malaysia, India and Thailand. As of 30 June 2008, Fortis Insurance International had a total equity of EUR 1.6 billion and funds under management within consolidated companies in the Life business of EUR 21 billion.
