Ping An set to block Fortis asset sale

A Belgian court ordered the vote, set for February 11, after activist shareholders argued Fortis failed to consult them in the hastily negotiated deals to rescue Fortis last October. The deals led to nationalisation of Fortis's Dutch assets and the BNP deal.

Last week, the Belgian government, BNP and Fortis agreed changes to the transaction to make it more attractive to Fortis's rebellious shareholders.

However, Stefan Odeurs, a partner at White & Case, the law firm advising Ping An, said the Chinese insurer had sent a list of questions to the Belgian government on the new deal.

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