Dexia Breakup May Make Shareholders Losers

Dexia Breakup May Make Shareholders Losers

Jock Fistick/Bloomberg

About 15 years after the French-Belgian bank was created in a cross-border merger and after about 100 billion euros in public guarantees and funds kept the lender afloat in the 2008-2009 period, France and Belgium are set to announce today a plan to split up its assets in a manner designed to avoid injecting more capital.