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The Belgian state lost 1.2 billion by selling Fortis Bank BNP Paribas



In 2013, Belgium sold the remaining shares in Fortis Bank. In return, the Belgian state gained a share of 10% of the capital of the French group.

EIn 2009, the Belgian state sold 75% of Fortis Bank BNP Paribas in exchange for a 10% stake in the capital of the French group. In 2013, the Government of Di Rupo sold the remaining 25%, allocating EUR 3.25 billion to reduce public debt. A good deal, according to Koen Geens, then finance minister. In 2017, Belgium sold a quarter of its share of the French group.

Good deal? Given the dividends that fled from the state, weighted by savings from debt, the Belgian state lost 1.2 billion euros. And he lost control over the strategy of the first bank in the country.



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