RHJ International Announces Closing the Sale of its Ownership in Niles Co. Ltd. to Valeo
(Thomson Reuters ONE) -
Brussels, June 30, 2011 - RHJ International ("RHJI") announces today the closing
of the sale of its 77.9% ownership in Niles Co. Ltd. ("Niles") to Valeo for a
total cash consideration of JPY 15.4 billion (EUR 135 million). This transaction
values Niles at a total enterprise value of JPY 36 billion (EUR 313 million). As
customary, the final purchase price will be determined post closing based on
actual June end net debt and working capital.
RHJ International's Chief Executive Officer, Leonhard Fischer, commented:
"We are pleased to announce the closing of this transaction which represents one
more step in RHJI's transformation from an industrial holding into a dynamic
financial services group. This further strengthens RHJI's liquidity and provides
the opportunity to redeploy capital in growth opportunities in financial
services supporting the independent merchant banking model using the Kleinwort
Benson brand."
About RHJ International:
RHJ International (Euronext: RHJI) is a limited liability company incorporated
under the laws of Belgium, having its registered office at Avenue Louise
326, 1050 Brussels, Belgium. RHJI is transforming itself from a diversified
industrial holding company into an active and dynamic financial services group.
For further information visit:www.rhji.com.
For further information please contact:
Arnaud Denis
Investor Relations Director
Tel: +32 2 643 60 13
E-mail:adenis(at)rhji.com
This press release contains certain forward-looking statements concerning the
Company's operations, economic performance and financial condition. Such
forward-looking statements are based on management's current expectations,
estimates and projections and are subject to a number of assumptions and involve
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. The Company has no obligation to
publicly update or release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this press release.
Full Press Release (PDF):
http://hugin.info/135946/R/1527301/463087.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: RHJ International SA via Thomson Reuters ONE
[HUG#1527301]
Unternehmensinformation / Kurzprofil:
Datum: 30.06.2011 - 17:50 Uhr
Sprache: Deutsch
News-ID 56022
Anzahl Zeichen: 3193
contact information:
Town:
Brussels
Kategorie:
Business News
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"RHJ International Announces Closing the Sale of its Ownership in Niles Co. Ltd. to Valeo"
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