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  • September 20, 2014
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  1. 'Dark cloud' starting to lift

    Posted Nov 15th 2009, 12:00am by Martin Donovan

    ... and the jolt financial institutions- among them mainland companies- suffered in the fallout. To consul general Michel Malherbe, it's probably the most high-profile change to Belgium ... state and Fortis. So now it's a French-Belgium group, but this reflects the very European nature and international character of Belgium,' Malherbe said. The reaction of the consulate ...

  2. Ping An to vote against sale of Fortis holdings

    Posted Feb 09th 2009, 12:00am by Carol Chan

    ... It agreed to buy a smaller stake in Fortis' Belgian insurance unit and take on more of its problem assets. Under the new terms, Fortis will keep 90 per cent of Belgium's largest insurance company while its stake in a Euro10.4 billion (HK$103.16 billion) pool of toxic assets will be reduced to Euro1 billion. BNP Paribas will still buy 75 per cent of the banking unit, with Belgium ...

  3. HK strategist puts head on InBev deal

    Posted Nov 15th 2008, 12:00am by Staff Reporter

    ... States brewer Anheuser-Busch by Belgium's InBev will affect the minority positions the world's biggest brewer will hold in major mainland beer brands including Tsing Tao, Harbin and Zhu ... of Leuven. InBev emerged in 2004 after the merger of Belgium's Interbrew with Brazil's AmBev. 'The deal is set to close this month or next and will affect China directly as you have ...

  4. Ping An warm to new offer for Fortis bank

    Posted Mar 11th 2009, 12:00am by Staff Reporter

    ... France's biggest bank, will still take a 75 per cent stake in Fortis Bank. But Fortis Bank, with financing guarantee from BNP, will increase its purchase of Fortis Holding's Belgium insurance ...

  5. Ping An shares drop on fears of full-year loss

    Posted Oct 07th 2008, 12:00am by Staff Reporter

    ... (HK$37.92). After the governments of Belgium, the Netherlands and Luxembourg failed to rescue Fortis, Ping An said on Sunday it would book an impairment charge of 15.7 billion yuan in the third ...

  6. Lai See

    Posted Feb 05th 2010, 12:00am by Howard Winn

    ... international niche operations such as global clearing. Meanwhile, the Belgian government bought Fortis Bank Belgium and quickly on-sold 75 per cent of it to BNP Paribas leaving Fortis Belgium a virtual ...

  7. In Brief

    Posted Feb 03rd 2004, 12:00am by Staff Reporter

    ... per cent owned by South African brewer SABMiller, not Belgium's Interbrew as reported on page B2 on Friday. ...

  8. HK shipping stocks may mirror A-share market

    Posted Apr 14th 2009, 12:00am by Charlotte So

    ... in a Belgium port. The port operator had wanted to buy a 40 per cent stake in the port in 2006. 'We will resume talks when the market outlook is better,' said Jiang Haitao, a spokesman ...

  9. Ping An to book charge of 15.7b yuan for Fortis

    Posted Oct 06th 2008, 12:00am by Carol Chan

    ... of Belgium, the Netherlands and Luxembourg rescued Fortis by injecting Euro11.2 billion into the group and are now talking to several private groups to find a buyer for the rest of the group. ...

  10. Ping An jumps 13.8pc after scrapping of Fortis deal

    Posted Oct 03rd 2008, 12:00am by Staff Reporter

    ... management arm of Fortis. The European financial group was rescued by the governments of Belgium, the Netherlands and Luxembourg. 'Due to current market conditions, it is anticipated ...




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