icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
1 Jul, 2008 15:14

Fortis gets $630 MLN from Russian billionaire

Fortis gets $630 MLN from Russian billionaire

Russian billionaire Suleiman Kerimov has pumped more than $630 million into the Belgian-Dutch financial services group Fortis as part of its survival plan.

On Tuesday shareholders criticised the bank's plans to raise a total of $13 billion. It has struggled to raise money amid the global credit crisis.

The news comes a week after its British rival Barclays sold stakes to investors from Qatar, Japan, Singapore and China.