European banks bail out Fortis for €11.2bn

"Fortis, the Belgian insurance and banking group, has received an €11.2 billion injection of cash from the governments of the Netherlands, Belgium, and Luxembourg.
The support became necessary over the weekend, after French bank, BNP Paribas, and Dutch financial firm, ING Groep, walked away from negotiations to acquire the business.
The three banks involved in the rescue [...]" (2008-9-29)
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