Fortis to sell ABN AMRO TEDA share to Old Mutual21 August 2008
Fortis Bank SA/NV (“Fortis”), Old Mutual plc (“Old Mutual”) and Tianjin TEDA Investment Holding Co., Ltd (“TEDA”) have entered into an agreement for Old Mutual to acquire the 49% stake that Fortis holds in ABN AMRO TEDA Fund Management Co., Ltd (“AATEDA”), a major Chinese asset management joint venture, for a cash consideration of approximately EUR 165 million.
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