Fortis has decided to sell its activities in Luxembourg to a Swiss insurance group, La Baloise, for €23 million. Fortis recently stated that all of its activities are to meet certain criteria, such as being sizeable enough to considerably contribute to the bigger picture of Fortis’ insurance profits. In light of these criteria, they assessed that the €22 million that the Luxembourg division was earning in 2008 wasn’t good enough to keep.
Dimitri Martens
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Fortis has decided to sell its activities in Luxembourg to a Swiss insurance group, La Baloise, for €23 million. Fortis recently stated that all of its activities are to meet certain criteria, such as being sizeable enough to make a considerable contribution to the bigger picture of Fortis’ insurance profits. In the light of these criteria, they assessed that the €22 million that the Luxembourg division was earning in 2008 wasn’t good enough to keep it.
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