acquires 76 per cent in Australia's Capital Market Solutions
21 November 2007
Fortis Financial Services Ltd has acquired 76 per cent stake in Australia's Capital
Market Solutions Pty Ltd (CMS) for an undisclosed sum.
made the acquisition through two special-purpose vehicles, Regius Infotech Pvt
Ltd and Regius Overseas Holding Co, created specifically for this purpose, the
incorporated under the laws of Australia, provides software services and solution
to stockbrokers, investment banks and investment managers, Fortis said in a statement.
company, meanwhile, announced that it has settled a suit filed against Fortis
NV, a company registered under laws of the Netherlands. The same has been settled
and now the company is authorised to use the word `Fortis` for all its activities
except for its financial products and services.
is an international provider of banking and insurance services to individuals,
business and institutional customers.
company delivers a total package of financial products and services through its
intermediaries and other partners.
reports on M&A / Alliances
reports on Financial Services