Europe Top News and Analysis Belgium

  • The setting sun casts a yellow glow on the ABN Amro head office building in Amsterdam, Netherlands, Wednesday July 18, 2007. ABN Amro said Wednesday it would meet with a consortium led by Royal Bank of Scotland that is offering euro 71.1 billion (US$97.8 billion) for the Dutch bank and with rival bidder Barclays PLC to discuss "the implications" of the RBS bid. The target of the largest takeover battle in the history of the financial industry added that it has "no intention of making any major a

    Royal Bank of Scotland shareholders overwhelmingly approved the proposed 71 billion euro ($97.24 billion) takeover of ABN Amro on Friday, the third and final leg of backing from investors in the RBS-led consortium.

  • Belgian-Dutch financial services group Fortis reported a 16% year-on-year rise in second-quarter net profit on Thursday, beating analysts' expectations due to strong banking results.

  • Belgian-Dutch financial services group Fortis on Monday cleared the way for its plan to buy parts of rival ABN Amro, as its shareholders in Belgium and the Netherlands gave their approval.

  • Belgian drug maker UCB Group said Thursday first-half net profit fell 39% as it absorbed the cost of taking over Germany's Schwarz Pharm.

  • Belgian-Dutch financial services group Fortis said on Wednesday it would launch 2 billion euros ($2.73 billion) worth of conditional capital exchangeable notes.

  • French Prime Minister Francois Fillon said in an interview published Friday that decisions on the future of state-owned Gaz de France -- including whether to go ahead with its merger with Suez -- will be made "in the coming weeks."

  • Belgium-based supermarkets group Delhaize said on Wednesday that its American subsidiary would buy back up to $1.1 billion of its own debt, financed by the issue of new securities.

  • The CEO of Royal Bank of Scotland told CNBC that the bank's $95.7 billion bid for Dutch Bank ABN Amro is more attractive than Barclays' rival bid because it offers a higher premium and will result in fewer lost jobs with more market synergies.

  • A consortium led by Royal Bank of Scotland launched a 71.1 billion euro ($95.7 billion) bid for Dutch group ABN AMRO, trumping Britain's Barclays in a battle for the world's biggest bank takeover.

  • A consortium led by the Royal Bank of Scotland seeking to buy ABN Amro is keeping all options open on a possible offer and will clarify its position on Sunday, consortium member Fortis's chairman said.

  • Dutch food retailer Ahold reported a slight dip in first-quarter group sales on Friday, in line with market expectations, but analysts said underlying sales growth boded well for a recovery.

  • Belgian bank KBC Group said it has acquired 92.5% of Russian bank Absolut for 761 million euros ($1.03 billion), subject to regulatory approval by the Central Bank of Russia.

  • The Belgian government agreed on fresh budgetary measures to cut pollution and counter climate change, yet kept its overall 2007 target on a surplus of 0.3% of gross domestic product.

  • Here some of Friday's big movers on European stock markets: Boehler-Uddeholm, Verbund, Thomson, Bekaert, Imperial Tobacco, Unilever, TUI, Dexia and Pirelli.

  • InBev, the world's largest brewer by volume, said Thursday fourth-quarter profit more than doubled as the company increased sales across all regions except Western Europe

  • A court on Tuesday ruled in favor of Belgian newspapers that sued Google, claiming that the Web search Internet search leader infringed copyright laws and demanded it remove their stories.