BNP Paribas S.A. http://www.alacrastore.com/company-snapshot/BNP_Paribas_S_A-500274 Monday, October 13, 2008 11:02:44 PM 500274 BNP Paribas S.A. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/cs/75213cs/75213norm Europe Gets its Act Together: Co-ordinated Bank Bailout Plans The European Union has managed to agree rules for bailouts across the region Individual countries are making different amounts and types of funding available Guarantees...752131681YesD0Article123612033883593778063673583563703296093891216620371360448364122411993623551287127638612866551677357975369373366corp587241619219318614615410224100781643514Regulatory Matters64CDS Relative Value Tracker10/13/2008 10:06:14 PM150Reviewing new Europe-wide principles for bank bailouts. Both senior and subordinated credit spreads should benefit at the mainstream banks, and we are changing our sector recommendation to Overweight.75213Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/75190cs/75190norm Euro Financial Movers: Debt/Equity Disconnect Panic stations on the equity markets as bank and insurance stocks plummet - RBS falls ##% in a week But CDS spreads move in the opposite direction - RBS #-year subordinated CDS are ###...751901744YesD0Article807123416657973603763621664corp1021464193100245872957846354060Financial Movers10/13/2008 12:06:00 AM150Credit spreads move in the opposite direction to share prices in response to government support for banks75190Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/moodys/PR_164351_91000moodys/PR_164351_91000htmlGlobal Credit Research Announcement # OCT #### Announcement: BNP Paribas Moody's affirms BNP Paribas' ratings with stable outlook London, ## October #### -- Moody's Investors Service has today affirmed all the ratings of BNP Paribas...10/8/2008 12:45:06 AMhtmlBNP ParibasFortis Insurance BelgiumFortis Bank S.A./N.V.Fortis Banque Luxembourg S.A.BNP Paribas; Fortis Bank S.A./N.V.; Fortis Banque Luxembourg S.A.; ...910008096534656843502827150.0000NewsAnnouncementPR_164351_91000Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/442817_pr_framefitch/442817_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Bnp Paribas Asset ManagementBNP Paribas S.A.Fortis Banque Luxembourg SAFortis Insurance Belgium8035962980359682827701258357798010/7/2008 2:17:30 PM01010100010103000802010085Press ReleaseBNP442817_pr_frameCredit & Investment ResearchFitch ResearchBELGIUM - BNP Paribas SA (BNP) of France agreed to acquire Brussels-based Fortis Insurance Belgium NV, from Fortis Bank NV/SA, for #.# bil euros ($#.### bil US) in cash. Concurrently, BNP agreed to acquire a ##% interest in Fortis Bank NV/SA. Additionally, BNP agreed to raise its interest to ##%, from ##%, by acquiring a ##% stake, in Fortis Banque Luxembourg SA. The transaction was subject to regulatory approvals.10/7/2008 1:20:37 PM05699R34964P05699R34971EBNP Paribas SAFortis Insurance Belgium NVBNP Paribas SAFortis Bank NV/SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/BNP_Paribas_SA_acquires_Fortis_Insurance_Belgium_NV_from_Fortis_Bank_NV_SA-2017571040sdc/20175710402017571040Copyright © 2008, Thomson Financial, All Rights ReservedParisCommercial Banks, Bank Holding CompaniesFranceBanks6000FFForeignPublicBNPP6000:Banks6211:Security brokers, dealers, and flotation companies6282:Investment advice6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, nec6000:Banks6211:Security brokers, dealers, and flotation companies6282:Investment advice6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, necCleary Gottlieb Steen & HamiltonInsuranceBelgiumLife insurance6311FFForeignSubsidiary637003Invest bkBank;pvd asts mgmt svcs;ins coCashCash OnlyAssets712942003Oct 7 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.00000BNP Paribas SA, located inParis, France, is aninvestment bank which providesservices such as merger andacquisitions, private equitytransactions advisory servicesand project financing, retailsbanking services such asFrench and internationalretail banking and financialservices, and asset managementservices such as portfolio andpersonal investmentmanagement, real estateadvisory services, lifeinsurance, personal riskbusiness policies, propertyand casualty insurance, andsecurities and private equityservices. The company wasfounded in 1848.BNP Paribas SA, located in Paris, France, is an investmentbank which provides services such as merger andacquisitions, private equity transactions advisory servicesand project financing, retails banking services such asFrench and international retail banking and financialservices, and asset management services such as portfolioand personal investment management, real estate advisoryservices, life insurance, personal risk business policies,property and casualty insurance, and securities and privateequity services. The company was founded in 1848.BNP Paribas SA, located in Paris, France, is an investment bank which provides services such as merger and acquisitions, private equity transactions advisory services and project financing, retails banking services such as French and international retail banking and financial services, and asset management services such as portfolio and personal investment management, real estate advisory services, life insurance, personal risk business policies, property and casualty insurance, and securities and private equity services. The company was founded in 1848.1.000002.000003.000004.000005.000006.000007.000008.00000Fortis Insurance Belgium NV,headquartered in Brussels,Belgium is an insurancecompany. The company offerslife and non life insuranceproducts, including health andhospitalization services. Itwas founded in 2006.Fortis Insurance Belgium NV, headquartered in Brussels,Belgium is an insurance company. The company offers life andnon life insurance products, including health andhospitalization services. It was founded in 2006.Fortis Insurance Belgium NV, headquartered in Brussels, Belgium is an insurance company. The company offers life and non life insurance products, including health and hospitalization services. It was founded in 2006.0.000000.000000.000000.00000YEURO06 Oct 08Mon, 06 Oct 2008 00:00:00 ESTDate Announced: 10/06/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.000005500 EURO5500.000000.000005500 EURO5500.000000.000000.000000.000000.000005500.000005500 EURO1.34900N4257.833000.000000.000000.000000.000000.000007421.403007421.403000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.0000083034.894000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.00000BELGIUM - BNP Paribas SA (BNP)of France agreed to acquireBrussels-based FortisInsurance Belgium NV, fromFortis Bank NV/SA, for 5.5 bileuros ($7.421 bil US) in cash.Concurrently, BNP agreed toacquire a 75% interest inFortis Bank NV/SA.Additionally, BNP agreed toraise its interest to 67%,from 51%, by acquiring a 16%stake, in Fortis BanqueLuxembourg SA. The transactionwas subject to regulatoryapprovals.BELGIUM - BNP Paribas SA (BNP) of France agreed to acquire Brussels-based Fortis Insurance Belgium NV, from Fortis Bank NV/SA, for 5.5 bil euros ($7.421 bil US) in cash. Concurrently, BNP agreed to acquire a 75% interest in Fortis Bank NV/SA. Additionally, BNP agreed to raise its interest to 67%, from 51%, by acquiring a 16% stake, in Fortis Banque Luxembourg SA. The transaction was subject to regulatory approvals.BELGIUM - BNP Paribas SA (BNP) of France agreed to acquire Brussels-based Fortis InsuranceBelgium NV, from Fortis Bank NV/SA, for 5.5 bil euros ($7.421 bil US) in cash.Concurrently, BNP agreed to acquire a 75% interest in Fortis Bank NV/SA. Additionally, BNPagreed to raise its interest to 67%, from 51%, by acquiring a 16% stake, in Fortis BanqueLuxembourg SA. The transaction was subject to regulatory approvals.BELGIUM - BNP Paribas SA (BNP) of France agreed to acquire Brussels-based Fortis Insurance Belgium NV, from Fortis Bank NV/SA, for 5.5 bil euros ($7.421 bil US) in cash. Concurrently, BNP agreed toacquire a 75% interest in Fortis Bank NV/SA. Additionally, BNP agreed to raise its interest to 67%, from 51%, by acquiring a 16% stake, in Fortis Banque Luxembourg SA. The transaction was subject toregulatory approvals.BELGIUM - BNP Paribas SA (BNP) of France agreed to acquire Brussels-based Fortis Insurance Belgium NV, from Fortis Bank NV/SA, for 5.5bil euros ($7.421 bil US) in cash. Concurrently, BNP agreed to acquire a 75% interest in Fortis Bank NV/SA. Additionally, BNP agreed toraise its interest to 67%, from 51%, by acquiring a 16% stake, in Fortis Banque Luxembourg SA. The transaction was subject to regulatoryapprovals.$ 7,421.403 - BNP Paribas SA - Adv0.00000BNP Paribas SA1.00000Morgan Stanley1.00000$ 7,421.403 - Morgan Stanley - Adv0.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance637003ParisFrance6000ForeignPublicBNPP6000:Banks6282:Investment advice6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, nec318019003Euronext BBelgium6000ForeignPublicFORB7421.403005500.000007421.403004257.83300Deal InformationTF Mergers & AcquisitionsLUXEMBOURG - BNP Paribas SA (BNP) of France agreed to raise its interest to ##%, from ##%, by acquiring a ##% stake, in Luxembourg-based Fortis Banque Luxembourg SA, from the government of Luxembourg, in a privately negotiated transaction. Concurrently, BNP agreed to acquire a ##% interest, or #.### bil ordinary shares, Fortis Bank NV/SA. The two transactions were to have a combined value of #.## bil euros ($##.### bil US), through the issuance ###.# mil new BNP shares. The shares were valued based on BNP's closing stock price of ##.### euros ($##.###) on October #, the last full trading day prior to the announcement. Additionally, BNP agreed to acquire Fortis Insurance Belgium NV. The transaction was subject to regulatory approvals.10/7/2008 1:20:37 PM05699R34980P05699R05699RBNP Paribas SAFortis Banque Luxembourg SABNP Paribas SABNP Paribas SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/BNP_Paribas_SA_acquires_Fortis_Banque_Luxembourg_SA-2017606040sdc/20176060402017606040Copyright © 2008, Thomson Financial, All Rights ReservedParisCommercial Banks, Bank Holding CompaniesFranceBanks6000FFForeignPublicBNPP6000:Banks6211:Security brokers, dealers, and flotation companies6282:Investment advice6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, nec6000:Banks6211:Security brokers, dealers, and flotation companies6282:Investment advice6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, necCleary Gottlieb Steen & HamiltonCommercial Banks, Bank Holding CompaniesLuxembourgBanks6000FFForeignSubsidiary637003Invest bkInvest bkNewly Issued Ord ShOrdinary Share976418002Oct 7 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.00000BNP Paribas SA, located inParis, France, is aninvestment bank which providesservices such as merger andacquisitions, private equitytransactions advisory servicesand project financing, retailsbanking services such asFrench and internationalretail banking and financialservices, and asset managementservices such as portfolio andpersonal investmentmanagement, real estateadvisory services, lifeinsurance, personal riskbusiness policies, propertyand casualty insurance, andsecurities and private equityservices. The company wasfounded in 1848.BNP Paribas SA, located in Paris, France, is an investmentbank which provides services such as merger andacquisitions, private equity transactions advisory servicesand project financing, retails banking services such asFrench and international retail banking and financialservices, and asset management services such as portfolioand personal investment management, real estate advisoryservices, life insurance, personal risk business policies,property and casualty insurance, and securities and privateequity services. The company was founded in 1848.BNP Paribas SA, located in Paris, France, is an investment bank which provides services such as merger and acquisitions, private equity transactions advisory services and project financing, retails banking services such as French and international retail banking and financial services, and asset management services such as portfolio and personal investment management, real estate advisory services, life insurance, personal risk business policies, property and casualty insurance, and securities and private equity services. The company was founded in 1848.1.000002.000003.000004.000005.000006.000007.000008.000009.00000Fortis Banque Luxembourg SA,based in Luxembourg,Luxembourg, provides personaland corporate bankingservices. It also providesinsurance, investment,leasing, and wealth managementservices. The company wasfounded in 1919.Fortis Banque Luxembourg SA, based in Luxembourg,Luxembourg, provides personal and corporate bankingservices. It also provides insurance, investment, leasing,and wealth management services. The company was founded in1919.Fortis Banque Luxembourg SA, based in Luxembourg, Luxembourg, provides personal and corporate banking services. It also provides insurance, investment, leasing, and wealth management services. The company was founded in 1919.0.000000.000000.000000.00000Y06 Oct 08Mon, 06 Oct 2008 00:00:00 ESTDate Announced: 10/06/2008Date Effective:Acq. Part. Int.Neutral0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000051.0000016.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.00000LUXEMBOURG - BNP Paribas SA(BNP) of France agreed toraise its interest to 67%,from 51%, by acquiring a 16%stake, in Luxembourg-basedFortis Banque Luxembourg SA,from the government ofLuxembourg, in a privatelynegotiated transaction.Concurrently, BNP agreed toacquire a 75% interest, or1.764 bil ordinary shares,Fortis Bank NV/SA. The twotransactions were to have acombined value of 9.46 bileuros ($12.956 bil US),through the issuance 132.6 milnew BNP shares. The shareswere valued based on BNP'sclosing stock price of 71.345euros ($97.706) on October 3,the last full trading dayprior to the announcement.Additionally, BNP agreed toacquire Fortis InsuranceBelgium NV. The transactionwas subject to regulatoryapprovals.LUXEMBOURG - BNP Paribas SA (BNP) of France agreed to raise its interest to 67%, from 51%, by acquiring a 16% stake, in Luxembourg-based Fortis Banque Luxembourg SA, from the government of Luxembourg, in a privately negotiated transaction. Concurrently, BNP agreed to acquire a 75% interest, or 1.764 bil ordinary shares, Fortis Bank NV/SA. The two transactions were to have a combined value of 9.46 bil euros ($12.956 bil US), through the issuance 132.6 mil new BNP shares. The shares were valued based on BNP's closing stock price of 71.345 euros ($97.706) on October 3, the last full trading day prior to the announcement. Additionally, BNP agreed to acquire Fortis Insurance Belgium NV. The transaction was subject to regulatory approvals.LUXEMBOURG - BNP Paribas SA (BNP) of France agreed to raise its interest to 67%, from 51%,by acquiring a 16% stake, in Luxembourg-based Fortis Banque Luxembourg SA, from thegovernment of Luxembourg, in a privately negotiated transaction. Concurrently, BNP agreedto acquire a 75% interest, or 1.764 bil ordinary shares, Fortis Bank NV/SA. The twotransactions were to have a combined value of 9.46 bil euros ($12.956 bil US), through theissuance 132.6 mil new BNP shares. The shares were valued based on BNP's closing stockprice of 71.345 euros ($97.706) on October 3, the last full trading day prior to theannouncement. Additionally, BNP agreed to acquire Fortis Insurance Belgium NV. Thetransaction was subject to regulatory approvals.LUXEMBOURG - BNP Paribas SA (BNP) of France agreed to raise its interest to 67%, from 51%, by acquiring a 16% stake, in Luxembourg-based Fortis Banque Luxembourg SA, from the government of Luxembourg,in a privately negotiated transaction. Concurrently, BNP agreed to acquire a 75% interest, or 1.764 bil ordinary shares, Fortis Bank NV/SA. The two transactions were to have a combined value of 9.46bil euros ($12.956 bil US), through the issuance 132.6 mil new BNP shares. The shares were valued based on BNP's closing stock price of 71.345 euros ($97.706) on October 3, the last full trading dayprior to the announcement. Additionally, BNP agreed to acquire Fortis Insurance Belgium NV. The transaction was subject to regulatory approvals.LUXEMBOURG - BNP Paribas SA (BNP) of France agreed to raise its interest to 67%, from 51%, by acquiring a 16% stake, in Luxembourg-basedFortis Banque Luxembourg SA, from the government of Luxembourg, in a privately negotiated transaction. Concurrently, BNP agreed toacquire a 75% interest, or 1.764 bil ordinary shares, Fortis Bank NV/SA. The two transactions were to have a combined value of 9.46 bileuros ($12.956 bil US), through the issuance 132.6 mil new BNP shares. The shares were valued based on BNP's closing stock price of71.345 euros ($97.706) on October 3, the last full trading day prior to the announcement. Additionally, BNP agreed to acquire FortisInsurance Belgium NV. The transaction was subject to regulatory approvals.$ 0.000 - BNP Paribas SA - Adv0.00000BNP Paribas SA1.00000Morgan Stanley1.00000$ 0.000 - Morgan Stanley - Adv0.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006000:Banks6159:Misc business credit6211:Security brokers, dealers, and flotation companies6282:Investment advice6411:Insurance agents, brokers, and service637003ParisFrance6000ForeignPublicBNPP6000:Banks6211:Security brokers, dealers, and flotation companies6282:Investment advice6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, nec637003ParisFrance6000ForeignPublicBNPP0.000000.000000.000000.00000Deal InformationTF Mergers & AcquisitionsBELGIUM - BNP Paribas SA (BNP) of France agreed to acquire a ##% interest, or #.### bil ordinary shares, in Brussels-based Fortis Bank NV/SA (FB), from the government of Belgium (GB). Concurrently, BNP agreed to raise its interest to ##%, from ##%, by acquiring a ##% stake, in Fortis Banque Luxembourg SA, from the Belgian government. The two transactions were to have a combined value of #.## bil euros ($##.### bil US), through the issuance ###.# mil new BNP shares. The shares were valued based on BNP's closing stock price of ##.### euros ($##.###) on October #, the last full trading day prior to the announcement. Additionally, BNP agreed to acquire Fortis Insurance Belgium NV. The transaction was subject to regulatory approvals and was contingent upon the completion of the acquisition of FB by GB.10/7/2008 1:20:37 PM05699R34971E05699R34971EBNP Paribas SAFortis Bank NV/SABNP Paribas SAFortis Bank NV/SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/BNP_Paribas_SA_acquires_Fortis_Bank_NV_SA-2017599040sdc/20175990402017599040Copyright © 2008, Thomson Financial, All Rights ReservedParisCommercial Banks, Bank Holding CompaniesFranceBanks6000FFForeignPublicBNPP6000:Banks6211:Security brokers, dealers, and flotation companies6282:Investment advice6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, nec6000:Banks6211:Security brokers, dealers, and flotation companies6282:Investment advice6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, necCleary Gottlieb Steen & HamiltonEuronext BCommercial Banks, Bank Holding CompaniesBelgiumBanks6000FFForeignPublicFORB637003Invest bkBank;pvd asts mgmt svcs;ins coNewly Issued Ord ShOrdinary Share318019003Oct 7 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.00000BNP Paribas SA, located inParis, France, is aninvestment bank which providesservices such as merger andacquisitions, private equitytransactions advisory servicesand project financing, retailsbanking services such asFrench and internationalretail banking and financialservices, and asset managementservices such as portfolio andpersonal investmentmanagement, real estateadvisory services, lifeinsurance, personal riskbusiness policies, propertyand casualty insurance, andsecurities and private equityservices. The company wasfounded in 1848.BNP Paribas SA, located in Paris, France, is an investmentbank which provides services such as merger andacquisitions, private equity transactions advisory servicesand project financing, retails banking services such asFrench and international retail banking and financialservices, and asset management services such as portfolioand personal investment management, real estate advisoryservices, life insurance, personal risk business policies,property and casualty insurance, and securities and privateequity services. The company was founded in 1848.BNP Paribas SA, located in Paris, France, is an investment bank which provides services such as merger and acquisitions, private equity transactions advisory services and project financing, retails banking services such as French and international retail banking and financial services, and asset management services such as portfolio and personal investment management, real estate advisory services, life insurance, personal risk business policies, property and casualty insurance, and securities and private equity services. The company was founded in 1848.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.00000Fortis Bank NV/SA isheadquartered in Brussels,Belgium. The Retail Bankingdivision covers all aspects offinancial services provisionto individuals, self-employed,members of independentprofessions and smallbusinesses. The AssetManagement & Private Bankingprovides internationalinvestment solutions to localinstitutional andwholesale/retail investors aswell as brokerage and wealthmanagement solutions. MerchantBanking provides financialproducts and services tomedium-sized companies andinternational clients. TheInsurance division offers lifeinsurance products includingaccident and health as well asnon-life insurance. Thecompany was founded in 2000.Fortis Bank NV/SA is headquartered in Brussels, Belgium. TheRetail Banking division covers all aspects of financialservices provision to individuals, self-employed, members ofindependent professions and small businesses. The AssetManagement & Private Banking provides internationalinvestment solutions to local institutional andwholesale/retail investors as well as brokerage and wealthmanagement solutions. Merchant Banking provides financialproducts and services to medium-sized companies andinternational clients. The Insurance division offers lifeinsurance products including accident and health as well asnon-life insurance. The company was founded in 2000.Fortis Bank NV/SA is headquartered in Brussels, Belgium. The Retail Banking division covers all aspects of financial services provision to individuals, self-employed, members of independent professions and small businesses. The Asset Management & Private Banking provides international investment solutions to local institutional and wholesale/retail investors as well as brokerage and wealth management solutions. Merchant Banking provides financial products and services to medium-sized companies and international clients. The Insurance division offers life insurance products including accident and health as well as non-life insurance. The company was founded in 2000.0.000000.000000.000002351.60000YEURO06 Oct 08Mon, 06 Oct 2008 00:00:00 ESTDate Announced: 10/06/2008Date Effective:Acq. Maj. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.000009460.35 EURO9460.347000.000009460.35 EURO9460.347000.000000.000000.000000.000009460.347009460.35 EURO1.34900N7323.741000.000000.000000.000000.000000.0000012765.2810012765.281000.000000.000000.000000.000000.000000.000000.0000075.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.00000BELGIUM - BNP Paribas SA (BNP)of France agreed to acquire a75% interest, or 1.764 bilordinary shares, inBrussels-based Fortis BankNV/SA (FB), from thegovernment of Belgium (GB).Concurrently, BNP agreed toraise its interest to 67%,from 51%, by acquiring a 16%stake, in Fortis BanqueLuxembourg SA, from theBelgian government. The twotransactions were to have acombined value of 9.46 bileuros ($12.765 bil US),through the issuance 132.6 milnew BNP shares. The shareswere valued based on BNP'sclosing stock price of 71.345euros ($97.706) on October 3,the last full trading dayprior to the announcement.Additionally, BNP agreed toacquire Fortis InsuranceBelgium NV. The transactionwas subject to regulatoryapprovals and was contingentupon the completion of theacquisition of FB by GB.BELGIUM - BNP Paribas SA (BNP) of France agreed to acquire a 75% interest, or 1.764 bil ordinary shares, in Brussels-based Fortis Bank NV/SA (FB), from the government of Belgium (GB). Concurrently, BNP agreed to raise its interest to 67%, from 51%, by acquiring a 16% stake, in Fortis Banque Luxembourg SA, from the Belgian government. The two transactions were to have a combined value of 9.46 bil euros ($12.765 bil US), through the issuance 132.6 mil new BNP shares. The shares were valued based on BNP's closing stock price of 71.345 euros ($97.706) on October 3, the last full trading day prior to the announcement. Additionally, BNP agreed to acquire Fortis Insurance Belgium NV. The transaction was subject to regulatory approvals and was contingent upon the completion of the acquisition of FB by GB.BELGIUM - BNP Paribas SA (BNP) of France agreed to acquire a 75% interest, or 1.764 bilordinary shares, in Brussels-based Fortis Bank NV/SA (FB), from the government of Belgium(GB). Concurrently, BNP agreed to raise its interest to 67%, from 51%, by acquiring a 16%stake, in Fortis Banque Luxembourg SA, from the Belgian government. The two transactionswere to have a combined value of 9.46 bil euros ($12.765 bil US), through the issuance132.6 mil new BNP shares. The shares were valued based on BNP's closing stock price of71.345 euros ($97.706) on October 3, the last full trading day prior to the announcement.Additionally, BNP agreed to acquire Fortis Insurance Belgium NV. The transaction wassubject to regulatory approvals and was contingent upon the completion of the acquisitionof FB by GB.BELGIUM - BNP Paribas SA (BNP) of France agreed to acquire a 75% interest, or 1.764 bil ordinary shares, in Brussels-based Fortis Bank NV/SA (FB), from the government of Belgium (GB). Concurrently,BNP agreed to raise its interest to 67%, from 51%, by acquiring a 16% stake, in Fortis Banque Luxembourg SA, from the Belgian government. The two transactions were to have a combined value of 9.46 bileuros ($12.765 bil US), through the issuance 132.6 mil new BNP shares. The shares were valued based on BNP's closing stock price of 71.345 euros ($97.706) on October 3, the last full trading day priorto the announcement. Additionally, BNP agreed to acquire Fortis Insurance Belgium NV. The transaction was subject to regulatory approvals and was contingent upon the completion of the acquisition ofFB by GB.BELGIUM - BNP Paribas SA (BNP) of France agreed to acquire a 75% interest, or 1.764 bil ordinary shares, in Brussels-based Fortis BankNV/SA (FB), from the government of Belgium (GB). Concurrently, BNP agreed to raise its interest to 67%, from 51%, by acquiring a 16%stake, in Fortis Banque Luxembourg SA, from the Belgian government. The two transactions were to have a combined value of 9.46 bil euros($12.765 bil US), through the issuance 132.6 mil new BNP shares. The shares were valued based on BNP's closing stock price of 71.345euros ($97.706) on October 3, the last full trading day prior to the announcement. Additionally, BNP agreed to acquire Fortis InsuranceBelgium NV. The transaction was subject to regulatory approvals and was contingent upon the completion of the acquisition of FB by GB.$ 12,765.281 - BNP Paribas SA - Adv$ 12,765.281 - Citi - Adv0.000000.00000BNP Paribas SACiti1.000002.00000Morgan Stanley1.00000$ 12,765.281 - Morgan Stanley - Adv0.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006000:Banks6282:Investment advice6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, nec637003ParisFrance6000ForeignPublicBNPP6000:Banks6282:Investment advice6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6722:Management investment offices, open-end6726:Investment offices, nec6799:Investors, nec318019003Euronext BBelgium6000ForeignPublicFORB12765.281009460.3470012765.281007323.74100Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/cs/74985cs/74985norm BNP/Fortis: Benefits at BNP, Puzzles at Fortis The deal announced on #th October makes strategic sense for BNP, without hurting its liquidity or capital position The structured credit portfolio retained by BNP looks manageable and...749852479YesD0Article362807corp14672243549M&A Activity10/6/2008 10:05:00 PM150BNP Paribas looks to have done a good deal by acquiring Fortis's Belgian and Luxembourg banking, insurance and asset management operations. But Fortis's complex structure makes the picture much more muddled for creditors on that side.74985Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/spcred/675215spcred/675215normThe latest News from S&Pglobalpubfinstructured10/6/2008 3:27:00 PM100News675215FranceDiversified BanksAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificSupranationalUnited StatesPublic FinanceGlobal IssuersStructured FinanceCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSFinancial InstitutionsInsuranceSovereignsCorporationsAsset-Backed SecuritiesNewsPARIS (Standard&Poor's) Oct. 6, 2008--Standard&Poor's Ratings Services said today that it revised its outlook on French banking group BNP Paribas to negative from stable. At the same time, we affirmed our 'AA+/A-1+' long- and short-term counterparty credit ratings on the bank. "The outlook revision follows BNP Paribas' announced acquisition of the bulk of recently nationalized Belgian-Dutch banking group Fortis' operations outside the Netherlands," said Standard&Poor's credit analyst Bernard de Longevialle. BNP Paribas is buying a majority stake in Fortis' banking units in Belgium and Luxembourg, Fortis Bank SA/NV and Fortis Banque Luxembourg S.A., the Belgian insurance division, and the group's international banking franchises, for a total share-and-cash deal of €14.5 billion. The group willFRA05565A05566HF1063NF1063R05567M05568HF1064PF1062MF1063G066747F10633F10649F1059BY07011F0788606674840101010 401010 4010 40BNP Paribas102754ASIACANEMERGINGEUROMIDAFRLATAMERICAPACSUPUSABNP@FPNEWSPUBFINGLOBISSSTRUCCDOABCPCMBSRMBSFIINSSOVCORPABSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/675216spcred/675216normThe latest Research Update from S&Pglobalstructuredpubfin10/6/2008 3:27:00 PM175Research Update675216FranceDiversified BanksAsiaCanadaEmerging MarketsEurope, Middle East, AfricaLatin AmericaPacificSupranationalUnited StatesGlobal IssuersStructured FinancePublic FinanceFinancial InstitutionsInsuranceSovereignsCorporationsAsset-Backed SecuritiesCollateralized Debt ObligationsAsset-Backed Commercial PaperCommercial MBSResidential MBSResearch UpdateOn Oct. 6, 2008, Standard&Poor's Ratings Services revised its outlook on French banking group BNP Paribas to negative from stable. At the same time, we affirmed our 'AA+/A-1+' long- and short-term counterparty credit ratings on the bank. The outlook revision follows BNP Paribas' announced acquisition of the bulk of recently nationalized Belgian-Dutch banking group Fortis' operations outside the Netherlands. BNP Paribas is buying a majority stake in Fortis' banking units in Belgium and Luxembourg, Fortis Bank SA/NV and Fortis Banque Luxembourg S.A., the Belgian insurance division, and the group's international banking franchises, for a total share-and-cash deal of €14.5 billion. The group will pay €9 billion in stock and €5.5 billion in cash. Subject to regulatory approval, theFRA05565A05566HF1063NF1063R05567M05568HF1064PF1062MF1063G066747F10633F10649F1059BY07011F0788606674840101010 401010 4010 40BNP Paribas102754ASIACANEMERGINGEUROMIDAFRLATAMERICAPACSUPUSABNP@FPRESUPDUSACANITAFRA0556N00556P005566F05566G05566H0556N40556N10556P140301020 403010 4030 4040201020 402010 4020 4040201030 402010 4020 40BNP Paribas Finance Inc.BNP Paribas Bank CanadaBNP Paribas Personal FinanceCardif Assurance VieBNP Paribas US Medium-Term Note Program LLCBNL International Investment S.A.Banca Nazionale del Lavoro SpABNP Paribas AssuranceCardif-Assurances Risques Divers103863108228120262309457366269413257426601434415434423CANEUROMIDAFRUSAPBAS@FBPBAS@FBET@FPBNP@FPBNL@IMBNP@FPBNP@FPGLOBISSSTRUCPUBFINFIINSSOVCORPABSCDOABCPCMBSRMBSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/442376_pr_framefitch/442376_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.BNP Paribas S.A.Fortis Banque Luxembourg SAFortis Banque SA/NVFortis Insurance Belgium8035962980359682803603588357798010/6/2008 2:16:00 PM010101000101030085Press ReleaseBNP442376_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/cs/74938cs/74938norm Funding Forensics: Bailing Out European Banks We dissect the funding models used by European banks Low deposit ratios and reliance on short-term wholesale funding characterise most of the banks that have needed support so far While...749384012YesD0Article358356120317891787806