Brussels - The Belgian government, the French bank BNP Paribas SA and Fortis, the Belgian-Dutch financial services company, agreed overnight to a plan for the divestment of Fortis' Belgian financial units.
BNP Paribas, France's largest bank, is to take over 75 per cent of Fortis Bank in a deal valued at 2.88 billion euros (3.64 billion dollars), the Belgian news agency Belga reported Saturday, citing the government.
The remaining 25-per-cent stake would remain in the hands of the government, the report said.