Fortis Bank Netherlands' Works Council today issued a positive opinion - with the support of the other Fortis works councils in the Netherlands - on the first formal step in the ABN AMRO offer process.
The Works Council based its opinion on intensive discussions with the other Fortis works councils in the Netherlands and with Members of the Board of Fortis Bank Netherlands and of the Fortis Executive Committee. Its formal opinion sets out its views on the proposed offer, which has been announced on 29 May 2007.
The Works Council's opinion also defines how it will be involved in this ongoing process and in how Fortis will deal with the consequences of the acquisition for personnel.
Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners. With a market capitalisation of EUR 41.1 billion (29/06/2007), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 50 countries and our dedicated, professional workforce of 60,000 enable us to combine global strength with local flexibility and provide our clients with optimum support. More information is available at www.fortis.com.
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