Fortis Financial Services today said it has acquired 76% stake in Australia-based Capital Market Solutions (CMS).According to an official release issued by Fortis Financial to the BSE today, it has made this acquisition through its special purpose vehicles (SPVs) Regius Infotech and Regius Overseas Holding Company, created specifically for this purpose.CMS, a company incorporated under the Australian laws, provides software services and solutions to stockbrokers, investment banks and investment managers with market-tailored solutions.Fortis is an international provider of banking and insurance services to individuals, business and institutional customers.The company delivers a total package of financial products and services through its intermediaries and other partners.The company also said it had settled its court case against the Netherlands-based Fortis N V for using the word 'Fortis' for all its activities except for financial products and services, the release added.
