In accordance with the rules on financial transparency, UBS AG sent a notification on 14 September 2009 that its interest has fallen below the statutory threshold of 3% of the shares issued by Fortis.
On 8 September 2009, UBS AG held no Fortis shares anymore.
A copy of the notification form from UBS AG is attached to this press release.
The notifications received by Fortis are available on the Fortis Holding website under "Investor relations - The share - Transparency requirements" (http://www.fortis.com/Shareholders/transparency_requirements.asp).
Fortis holding (Fortis SA/NV and Fortis N.V.) consists of (1) a 75% ownership of AG Insurance (2) Fortis Insurance International, (3) a 45% stake in Royal Park Investments - a structured credit portfolio entity - and (4) financial assets and liabilities of various financing vehicles. AG Insurance is overall market leader and a leading player in the Employee Benefits market. The international insurance activities (Fortis Insurance International) are located in the UK, where Fortis is the third largest player in the market for private car insurance, France, Hong Kong, Luxembourg (Non-Life), Germany, Turkey, Russia, Ukraine and joint ventures in Luxembourg (Life), Portugal, with Millenniumbcp Fortis being a clear market leader, China, Malaysia, India and Thailand. Fortis currently employs over 10,000 people.
Press Contacts:
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+32 (0)2 565 22 66 |
Utrecht: |
+31 (0)30 226 32 61 |
Investor Relations:
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+32 (0)2 565 53 78 |
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+31 (0)30 226 65 66 |