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FORTIS SUBMITS NON-BINDING OFFER

 UTRECHT, The Netherlands, May 19 /PRNewswire/ -- Fortis, a group representing the joint activities of N.V. AMEV and AG Group, including insurance and banking products and financial services, today announced submission of an indicative non-binding offer in reply to the announcement of the "Invitation to Offer for a Significant Shareholding in ASLK-CGER Bank and ASLK-CGER Insurance."
 The non-binding offer, based upon the preliminary information available to date, has been construed in compliance with Fortis' internal acquisition criteria.
 Fortis is represented in the United States by Fortis, Inc., a company with 1992 revenues of $2.7 billion, net income of $134.8 million and shareholders' equity of over $800 million and has approximately 6,000 employees. Fortis, Inc.'s parent companies are Holland-based N.V. AMEV and Belgium-based AG Group. N.V. AMEV's ADRs trade over-the- counter on the NASDAQ system.
 -0- 5/19/93
 /CONTACT: Meril Joseph of Fortis, Inc., 212-323-9806, or Matthew J. Harrington of Edelman Worldwide, 212-704-8103, for Fortis, Inc./


CO: Fortis, Inc. ST: IN: SU:

TM-OS -- NY086 -- 0440 05/19/93 16:10 EDT
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Publication:PR Newswire
Date:May 19, 1993
Words:177
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