The Belgian State, Fortis Holding and BNP Paribas have signed a termsheet, amending the Protocol, signed on 10th October 2008, which modifies the terms of BNP Paribas' acquisition of Fortis' activities in Belgium and Luxembourg. Under the terms of this new agreement and subject to the approval of Fortis Holding's shareholders meeting, the Belgian State will transfer to BNP Paribas 75% of Fortis Bank on the basis of an 11 billion euros valuation for 100% in exchange of BNP Paribas shares issued at 68 euros, and Fortis Bank will acquire 25% of Fortis Insurance Belgium from Fortis Holding... To read the complete press release : click here.