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On June 27, 2013, Fortis Inc. closed on its acquisition of CHG. In 2013, Fortis announced its acquisition of UNS Energy, an Arizona utility company. [10] On February 9, 2016, Fortis announced an agreement to acquire ITC Holdings Corp., the largest independent transmission utility in the United States, for US$11.3 billion in cash and stock. [11]
Fortis encountered severe problems in the financial crisis of 2008, not least as a consequence of participating in 2007 in the joint acquisition of ABN AMRO together with Royal Bank of Scotland Group and Banco Santander. It received an emergency bailout from the governments of Belgium and the Netherlands and was broken up soon thereafter. As a ...
The company, formerly known as Fortis, Inc., was spun off from Dutch and Belgian financial-services company Fortis Insurance N.V. in 2004. The company's initial public offering on Feb. 5, 2004 at $1.76 billion was the fourth largest that year. In connection with the public offering, the company changed its name to Assurant, Inc. [4] [5]
CH Energy Group and Fortis Offer Enhancements to Merger Proposal Rate Freeze, Job Protection and Community Support Among Elements Extended ALBANY, N.Y.--(BUSINESS WIRE)-- CH Energy Group, Inc ...
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Ageas is a Belgian multinational insurance company co-headquartered in Brussels.Ageas is Belgium's largest insurer and operates in 13 countries worldwide. The company was renamed from Fortis Holding in April 2010 and consists of those insurance activities remaining after the breakup and sale of the financial services group Fortis during the financial crisis of 2007-2010.
In June 2009, Fortis Intertrust was rebranded as Intertrust. ... In June 2019, Intertrust announced the acquisition of technology solutions provider Viteos. [24]