Belgian prosecutors have started an investigation into suspected insider trading in financial group Fortis (FOR.BR) by a large shareholder, a Brussels prosecutor said on Thursday.

The transaction under investigation took place at the beginning of October, just before the Netherlands announced its nationalisation of Fortis’s Dutch operations, the first step in the group’s carve-up.

“The shares were sold just before the share price plunged,” the Brussels prosecutor said.

Source/Full Story: Reuters

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