BRUSSELS — Dutch-Belgian bank and insurance giant Fortis NV was given a $16.4 billion lifeline to avert insolvency as part of a wider bailout plan agreed to by Belgium, the Netherlands and Luxembourg, officials said Sunday. Belgium's Prime Minister Yves Leterme said the bailout shows account holders and investors that Fortis will not be allowed to fall victim to the global credit crisis. Under the bailout, Belgium will invest $6.88 billion and the Netherlands $5.86 billion in Fortis' banking operations in the two countries. In return, they each receive 49% ownership in those national arms of the bank. Luxembourg will invest $3.6 billion in the bank's Luxembourg operations, also for a 49% stake.
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