Ageas expects judgments today in FortisEffect and VEB/Deminor cases
The Amsterdam District Court has announced that this morning it will provide its
initial judgments in respect of two cases questioning the role of Fortis in the
sale of certain Fortis' assets to the Dutch State in October 2008.
In each of these cases various Fortis' shareholders claim that Fortis, and/or
the Dutch State, have not complied fully with all legal rules applicable to such
a sale. Ageas will analyse these judgments and will decide how best to defend
the interests of its shareholders. This does not preclude filing an appeal in
both cases should this be deemed necessary. Ageas will promptly inform the
public of the outcome of these cases and its proposed course of action.
Ageas is an international insurance company with a heritage spanning more than
180 years. Ranked among the top 20 insurance companies in Europe, Ageas has
chosen to concentrate its business activities in Europe and Asia, which together
make up the largest share of the global insurance market. These are grouped
around four segments: Belgium, United Kingdom, Continental Europe and Asia and
served through a combination of wholly owned subsidiaries and partnerships with
strong financial institutions and key distributors around the world. Ageas
operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal,
China, Malaysia, India and Thailand and has subsidiaries in France, Germany,
Hong Kong and UK. It is the market leader in Belgium for individual life and
employee benefits, as well as a leading non-life player, through AG Insurance,
and in the UK, it has a strong presence as the second largest player in private
car insurance and the over 50's market. It employs more than 13,000 people and
has annual inflows of almost EUR 18 billion.
Press contact
+32 (0)2 557 57 37
Investor Relations
Brussels
+32 (0)2 557 57 33
Utrecht
+31 (0)30 252 53 05
Ageas
Rue du Marquis 1 - 1000 Brussels - Belgium
Archimedeslaan 6 - 3584 BA Utrecht - The Netherlands
www.ageas.com
Pdf version of the press release:
http://hugin.info/134212/R/1516728/453035.pdf
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Source: Ageas via Thomson Reuters ONE
[HUG#1516728]
