hallo FD2012, erste schritte zur beilegung diverser verfahren - klagen - gegenklagen .... ageas einigte sich mit ABN-Amro bzw. den niederlanden zur aussergerichtlichen einigung - ageas erhält mun 400 Mio € von ABN ... scheint gut möglich, dass weitere einigungen mit deminor modrikamen, etc im laufe des sommers folgen ... nach dem motto: "und immer immer wieder geht die sonne auf" à la udo jürgens ... anbei der reuters-artikel ... LG, burgprinz Regulated information - Ageas and ABN AMRO agree to settle legal proceedings ageas SA/NV and ageas N.V. ("Ageas") and ABN AMRO Group N.V. and ABN AMRO Bank N.V. ("ABN AMRO") have agreed to settle the legal proceedings concerning ABN AMRO Capital Finance Ltd. (former Fortis Capital Company Ltd. "FCC") and the Mandatory Convertible Securities ("MCS"). This settlement also brings to a close all outstanding disputes between the Dutch State and Ageas in relation to the equity transactions which resulted in the take-over of the Dutch activities of the former Fortis group by the Dutch State on 3 October 2008. NL Financial Investments, the majority shareholder of ABN AMRO, co-signed this agreement on behalf of the Dutch State. The settlement will lead to a one-off cash payment by ABN AMRO to Ageas of EUR 400 million at the latest on 5 July 2012. This payment will be recorded as a net profit in the half year results of Ageas representing about EUR 0.16 per share. The preference shares of FCC and the MCS were issued in 1999 and 2007 respectively by entities that belonged to the former Fortis group. Following the break-up of the former Fortis group, there was no agreement on whether and/or how to share the cost of conversion of these instruments among the entities involved. On 29 June 2009 Ageas made a EUR 362.5 million cash payment for the FCC and on 7 December 2010 Ageas converted the MCS into Ageas shares. Ageas initiated two legal proceedings in the Netherlands regarding these disagreements. This settlement now discontinues these legal proceedings. CEO Bart De Smet said: "This settlement is a new, major step forward in solving the outstanding legacy issues. Ageas has consistently indicated its preference for an amicable out-of-court settlement between all parties, rather than lengthy legal procedures. Today, we are pleased that our common efforts over the past months have finally resulted in a positive outcome for Ageas and a further reduction of the complexity of the Group. More than ever before, our focus will now be on the execution of our insurance strategy." |