Fortis raises EUR 210 million from former holders of ABN AMRO preference shares
Market Wire, December, 2007
Fortis today completed an issue of preference shares of Fortis Bank Nederland (Holding) N.V. These preference shares, which were issued as an alternative measure, were offered to the former holders of non-listed preference shares of ABN AMRO Holding N.V.
A total of EUR 210 million was issued. The preference shares entitle the holder to an annual coupon of 5.85%.
The proceeds of the issue will be used to finance the acquisition of certain parts of ABN AMRO and to increase the shareholders' equity of Fortis Bank.
Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalisation of EUR 40.3 billion (30/11/2007), Fortis ranks among the 15 largest financial institutions in Europe. Our sound solvency position, our presence in more than 50 countries and our dedicated, professional workforce of 60,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available on www.fortis.com
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