Fortis completes Artemis purchase

Fortis originally inherited a 67.1pc stake in the company through the acquisition of ABN AMRO Asset Management in April. Yesterday, it confirmed the purchase of the remaining 32.9pc of share capital, in accordance with prior contractual arrangements. In a statement sent to Artemis clients, managing director, Dick Turpin, confirmed that Artemis will continue with the present management and staff structure and that clients would not be affected. On Sunday (September 28), Fortis was partly nationalised by the governments of Belgium, the Netherlands and Luxembourg, which bought 49pc of the...