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Business

Belgium to appeal court ruling on Fortis deal freeze

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Latest update : 2008-12-15

The Belgian government has decided to appeal against a court ruling that enabled a group of Fortis shareholders to halt the breakup of the beleaguered Benelux bank and its partial sale to French rival BNP Paribas.

Reuters - The Belgian government said on Monday it would appeal against a court ruling threatening to derail a state-led break-up of stricken financial group Fortis and part sale to France's BNP Paribas.
 

Prime Minister Yves Leterme told a news conference the government would appeal as an affected third party and public holding agency SFPI would seek to take the case to the Supreme Court.

Date created : 2008-12-15

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