Fortis to Retain Dual Headquarters

The Belgian/ Dutch financial services group Fortis yesterday announced that it is planning to retain its dual headquarters in Brussels and Amsterdam in order to strengthen its grip on its core Benelux market.

FCI and IFG to Merge

It was revealed to factorscan today that Factors Chain International and International Factors Group are to merge. Details of the arrangement are yet to be announced.

Fortis Buys Back Shares from ING

The Dutch financial group ING has sold 659m Euros’ worth of shares in Fortis back to the Fortis Group itself. The Fortis group currently runs factoring operations in the Netherlands, France, Germany, England, Italy and Spain.