Fortis shareholders call for vote

A group of shareholders in troubled financial services group Fortis may seek to force a shareholder vote on the takeover of the company by the Dutch state and BNP Paribas.

The shareholders, united as Fortisaction.com, say the company has consistently misinformed shareholders, lost more than €30bn of its market capitalisation and dismantled the company.
Shareholders are now left with ‘a marginalised company… a small insurance business which cannot be sold directly, no dividend and a 90% decline in the share price’, the group says.
It is now campaigning for shareholders to support its call for a vote on the Dutch government’s €16.8bn takeover of Fortis’s Dutch activities and ABN Amro. It also wants an investigation into the mismanagement of the company and the possibility of making claims.