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Fortis’s rescue

Fortis faces €363m claim from ex-division

By Stanley Pignal in Brussels

Published: June 8 2009 12:28 | Last updated: June 8 2009 23:20

Investors in Fortis, the stricken Dutch-Belgian financial group, faced yet more uncertainty on Monday after a former subsidiary now under Dutch government control said it was seeking €362.5m ($504m) in compensation from its erstwhile parent.

The claim, already the subject of two sets of legal proceedings, relates to the redemption of securities issued internally to finance the group in the 1990s.

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