Fortis shareholders demand compensation

A group representing 1,250 Fortis shareholders are demanding compensation from the Dutch state because of the collapse of the company’s share price following its nationalisation, RTLZ reports.

Lawyer Adriaan de Gier argues that finance minister Wouter Bos is to blame for shareholders’ losses because he said Fortis had been saved when the government nationalised the company in 2008.
But a few days later, it emerged that Fortis was to be broken up. The share price fell from €6.53 to €0.87 and thousands of investors who had bought into the bank lost money.
De Gier is claiming €5 in compensation per share.

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