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) New transparency legislation was introduced recently, requiring disclosure by Fortis of notifications made by investors to Belgian regulator CBFA (Banking, Finance and Insurance Commission) and to Fortis as prescribed.
AllianceBernstein announced on 31 October that it had reduced its acquired stake in Fortis SA/SA from 3.71% to 2.87%, bringing this stake to below the 3% threshold.
AllianceBernstein is a holding company of the AXA group comprising companies engaged in asset management and services for the account of third parties. AllianceBernstein and all those companies on whose behalf this notice is given act independently from any other entity of the AXA group, according to the conditions mentioned in section 11 (2) of the Act of 2 May 2007.
Prior to A) Voting rights the After the transaction transaction No of voting rights No of voting rights % of voting rights Holders of voting Attached Unattached Attached Unattached rights to to to to securities securities securities securities AllianceBernstein* 93,104,328 72,130,798 0 2.87% 0.00% TOTAL 72,130,798 0 2.87% 0.00%
More information can be found on www.fortis.com/shareholders/transparency_requirements.asp.
Fortis holding (Fortis SA/NV and Fortis N.V.) will, after the conclusion of the deal with BNP Paribas, include only (1) international insurance activities, (2) a 66% stake in a structured credit portfolio entity and (3) financial assets and liabilities of various financing vehicles.
The international insurance activities (Fortis Insurance International) are located in UK, France, Hong Kong, Luxembourg (Non-Life), Germany, Turkey, Russia, and Ukraine, and in joint ventures in Luxembourg (Life), Portugal, China, Malaysia, India and Thailand.
Fortis holding is therefore no longer involved in any banking activities, and once the deal with BNP Paribas is concluded, will concern only international insurance activities.
