Russian billionaire buys Fortis shares
Russian billionaire Suleiman Kerimov has bought some €400 million worth of new shares issued by financial services group Fortis, the Wall Street Journal reports, quoting sources.
Kerimov made the investment through his Swiss investment fund Millenium Group, which already owned 2% of the company, the paper says.
Last week, Fortis announced it was taking €8bn-worth of measures to boost its balance sheet.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation