Belgium government issues vouchers to Fortis shareholders

Egypt News.Net
Sunday 12th October, 2008

The Belgian government has said it will reimburse shareholders who were disadvantaged by the Fortis bank collapse.

The Belgian government sold 75 percent of Fortis to the French bank BNP Paribas and now owns the other 25 percent.

The dividend that the government receives on its shares in BNP Paribas will be deposited into a special fund which will be used to reimburse Fortis shareholders in the form of vouchers.

The vouchers will not be able to be traded until 2014.

Shareholders will be reimbursed to a maximum of 5,000 shares per person.

Businesses have been excluded from the arrangement.

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