Ageas, the Dutch shareholder association VEB and other plaintiff associations have reached an agreement on civil proceedings involving the former Fortis, for the 2007 and 2008 events. Ageas will pay 1.204 billion euros to “shareholders covered by the eligible transaction" "without acknowledging any fault," said Ageas in a statement. "We hope that those who are eligible for this payment will be satisfied with the result and it will help Ageas, its stakeholders and everybody concerned to draw a line on what was an uncertain and difficult time for everyone," said Bart de Smet, CEO of Ageas.
In connection with this case, Ageas announces that an agreement was also concluded with insurers D & O (Directors & Officers), the directors and officers involved in litigation, and BNP Paribas Fortis.
Please read the full article in French here.