June 26 (Bloomberg) -- Fortis, part of the group that bought ABN Amro Holding NV last year in the biggest banking takeover, will raise 1.5 billion euros ($2.4 billion) of equity and cancel its interim dividend to boost capital.

Fortis fell 6.9 percent in Brussels trading after the bank said in statement it will sell ``non-dilutive'' instruments, ``non-core'' assets and real estate in a plan to raise as much as 8 billion euros in new capital.

Chief Executive Officer Jean-Paul Votron is taking ``exceptional measures'' after he paid 24 billion euros for the asset-management and Dutch consumer-banking operations of Amsterdam-based ABN Amro. Brussels- and Amsterdam-based Fortis, which wrote down 6.6 billion euros of assets this year, said its so-called core Tier 1 capital ratio, a measure of financial strength, will exceed 6 percent by the end of 2009.

Edinburgh-based Royal Bank of Scotland Group Plc, leader of the group that acquired ABN Amro for a total of 72 billion euros, raised 12.3 billion pound ($24 billion) this month to replenish capital. It plans to write down 5.9 billion pounds of credit- related assets this year, a third of which were acquired from ABN Amro.

The company agreed in March to sell half of its asset- management unit to China's Ping An Insurance (Group) Co. for 2.15 billion euros to help restore its finances.

To contact the reporter on this story: Jurjen van de Pol in Amsterdam jvandepol@bloomberg.net

Last Updated: June 26, 2008 03:11 EDT