Friday, October 03, 2008

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Netherlands nationalizes Dutch Fortis units

Fri, 03 Oct 2008 15:19:39 PDT
Netherlands nationalizes Dutch Fortis units October 4th, 2008 By Ingrid Melander and Niclas Mika BRUSSELS/AMSTERDAM (Reuters) - The Netherlands nationalized the Dutch banking and insurance activities of Fortis (FOR.BR: Quote, Profile, Research, Stock Buzz)(FOR.AS: Quote, Profile, Research, Stock Buzz) on Friday after the troubled financial services company hit an acute cash crunch. Dutch Finance Minister Wouter Bos said the second state rescue of the Belgian-Dutch group in less than a week w

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