/retail
Fortis and Travelex today announce they have reached an agreement in principle regarding the sale of Fortis' Dutch subsidiary GWK Bank ("GWK") to Travelex, the world's largest foreign exchange specialist. The purchase price has been determined at EUR 17,490,000 subject to a post closing net asset adjustment. The impact on the net results of Fortis is expected to be minimal. Completion of the transaction will be subject to the approval of the regulatory authorities and other customary approvals.