Fortis Bank (Nederland) NV

Fortis Bank (Nederland) NV

Fortis Bank (Nederland) NV

Overview
Headquarters

Blaak 555,Rotterdam, Zuid-Holland 3000 BA

Type of Company

Private

Industries

Retail & Commercial Banking

Company Description

Fortis Bank Nederland (formally Fortis Bank Nederland (Holding) N.V.) was a bank in the Netherlands until 2010. The holding came into being within Fortis Bank, as a holding for those Dutch banks taken over by Fortis. In September-October 2008, the Dutch government first planned to invest €4 billion in exchange for an almost 50% interest in the holding (in new-to-be-issued shares), but within a week the agreement was cancelled. The Dutch government took over all the Dutch parts of Fortis for a total of €16.8 billion; in this take-over, Fortis Bank Nederland was valued at €5 billion. Later, Fortis Bank Nederland appeared in the news because it had lost €1 billion in the Madoff investment scandal. In March 2009, it reported that during 2008 it had an operational profit of €0.6 billion; this excluded (massive) write-offs. In February 2010 Fortis Bank Nederland was integrated into the new ABN AMRO by the Dutch Government and some parts were sold off. On the July 1 that year the integration was officially completed and the Fortis name ended.

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Fortis Bank (Nederland) NV
Recent Transactions
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ABN AMRO Bank NV (Old), RFS Holdings NV purchase Fortis Bank (Nederland) NV from Fortis Bank Nederland Holding NV

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Tekelec Global, Inc., Tekelec International SPRL purchase mBalance (International) BV from mBalance Holding BV

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Tele Atlas NV issued Ordinary Shares

Transaction Clients
Escrow Agent

Advised on Tekelec Global, Inc., Tekelec International SPRL purchase mBalance (International) BV from mBalance Holding BV

Escrow Agent

Advised on Tekelec Global, Inc., Tekelec International SPRL purchase mBalance (International) BV from mBalance Holding BV

Escrow Agent

Advised on Tekelec Global, Inc., Tekelec International SPRL purchase mBalance (International) BV from mBalance Holding BV