APG abstains on key Fortis break up vote

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NETHERLANDS - APG, the Dutch pension fund investor with around €200bn (US$256.8bn) of assets under management, abstained from voting on the decision to sell parts of banking group Fortis to BNP Paribas, causing the motion to be defeated.

At the company's general meeting of shareholders in Brussels, resolutions to sell parts of the business to the Dutch and Belgian states and BNP Paribas were put to the vote, all of which were rejec...

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