Ageas receives favorable judgments from the Amsterdam District Court in the FortisEffect and VEB/Deminor cases
(Thomson Reuters ONE) -
Ageas confirms that the District Court in Amsterdam has handed down two
judgments in first instance today with respect to the sale of Fortis assets to
the Dutch State in October 2008. The District Court ruled that Fortis and the
Dutch State cannot be held liable in connection with the events at the time and
confirms that Fortis acted in accordance with relevant legal standards in the
then prevailing circumstances.
Ageas welcomes this as a step forward in putting aside issues related to the
past, enabling the company to focus on the future.
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/1516812/453177.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ageas via Thomson Reuters ONE
[HUG#1516812]
Unternehmensinformation / Kurzprofil:
Datum: 18.05.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 54785
Anzahl Zeichen: 2804
contact information:
Town:
Brussel
Kategorie:
Business News
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"Ageas receives favorable judgments from the Amsterdam District Court in the FortisEffect and VEB/Deminor cases"
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