Paris - French bank BNP Paribas disclosed Thursday that it is postponing its planned takeover of the troubled bank and insurance company Fortis, citing a Brussels court ruling.

On its website BNP Paribas cited a December 12 ruling by a court in Brussels ordering a 65-day freeze on any transaction involving Fortis in a case involving a suit filed by some 2,000 shareholders challenging the selloff of the bank.

BNP Paribas also called off an extraordinary shareholders meeting which had been set for Friday to vote on the Fortis takeover.

In late September, a joint rescue plan by The Netherlands, Belgium and Luxembourg was announced effectively to nationalize Fortis and then break up the company into separate units in each of the countries.

On October 6, BNP Paribas announced a deal to pay 14.5 billion euros (19.7 billion dollars) to take over the majority of Fortis's units in Belgium and Luxembourg. But that move was later challenged by Fortis shareholders. (dpa)