BNP Fortis Union is a Case of 2+2 = Huge Potential

Fortis won investor backing for the sale of banking units in Belgium and Luxembourg to BNP Paribas SA, overcoming seven months of shareholder opposition to the breakup of what was once Belgium’s largest financial-services firm.

For the shipping community the transaction marries two superb shipping teams.  The combination offers the industry a robust product line, including strong equity and debt capital markets expertise and of course a strong bank. There is also a track record of success on both sides.

Fortis’ US based shipping group led by Svein Engh, who over a twelve year run built up one

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