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Dutch government acquires Fortis Bank Nederland

The government of the Netherlands has acquired Fortis Bank Nederland Holding, including the participation in RFS Holdings, that represents the acquired ABN Amro activities, Fortis Verzekeringen Nederland, and Fortis Corporate Insurance for a total consideration of E16.8 billion.

The transaction replaces the previously announced investment of E4 billion in Fortis Bank Nederland Holding. The Dutch Central Bank has approved the transaction.

After this transaction, the Fortis Group entails Fortis Insurance Belgium, Fortis Insurance International and the banking activities excluding Fortis Bank Nederland Holding.