French bank to take majority stake in troubled Fortis

French banking giant BNP Paribas will take a majority 75% share of troubled bank Fortis, Belgium’s prime minister said tonight.

French bank to take majority stake in troubled Fortis
Mon, 06 Oct, 2008 - 00:10

French banking giant BNP Paribas will take a majority 75% share of troubled bank Fortis, Belgium’s prime minister said tonight.

Yves Leterme says the Belgian and Luxembourg governments will in turn take a blocking minority share in BNP Paribas.

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