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| 2008 | FORTIS : Belgium to nationalize Fortis as BNP ends interest: source | RE |
| 2008 | FORTIS : Trichet in emergency talks to rescue Fortis | RE |
PARIS (Reuters) - An informal offer by French bank BNP Paribas for rival Fortis has been abandoned by Belgium in favor of a nationalization, a source familiar with the talks said on Sunday.
"The Belgian government has preferred a nationalization," the source told Reuters.
The source said BNP Paribas had made an informal offer of 1.6 euros per share for Fortis and had been seeking a state guarantee for any possible future losses at Fortis of up to 6 billion euros ($8.78 billion).
(Reporting by Paris newsroom; editing by Alexander Smith)
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