ICBC to buy Fortis' US broker-dealer unit 01 November 2010New York Reporter: Ben Wilkie
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Industrial and Commercial Bank of China is to buy the US broker-dealer operations of Fortis Bank.
Fortis Securities currently has around 75 customers and will be sold for a token one dollar. Its current owner, BNP Paribas, took control when it acquired Fortis Bank in 2009, even though it already has its own operations in the country.
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