Ageas settles Fortis legal claims for €1.2bn
Ageas, the insurer spun out of banking group Fortis, yesterday agreed a settlement of €1.2bn (£934m) for outstanding legal claims from the 2007 and 2008 financial crisis.
A consortium of investors including Deminor, Stichting, FortisEffect, SICAF and VEB claimed Fortis had misled shareholders over its subprime exposure, balance sheet strength and communication with the
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