RHJI Completes Sale of Stake in Shaklee
(Thomson Reuters ONE) -
Brussels, June 27, 2013 - RHJ International ("RHJI") has today successfully
completed the sale of a 39% stake in Shaklee via a share buyback transaction
that it announced on May 15, 2013. The total gross proceeds from the transaction
of JPY 5,064 million translate to a Euro equivalent of Euro 39.8 million, of
which 20% has been deferred in the form of an interest bearing payment
undertaking issued by Shaklee with a maturity of, at most, 3 years. The gross
cash proceeds at the point of sale of EUR 31.8 million have been subject to
withholding taxes of approximately EUR 2.8 million. Post transaction, RHJI
maintains a 1.6% stake in Shaklee, which it will also look to divest.
This divestment represents one of the last disposals from RHJI's legacy
industrial portfolio, with the remaining holdings now representing less than 3%
of the overall investment portfolio.
About RHJ International
RHJ International is a financial services group with principal activities in
wealth management, asset management and merchant banking. Our wealth management
operations are conducted through Kleinwort Benson: an independent and
relationship-driven private bank. RHJI's asset management operations are carried
out through Kleinwort Benson Investors: a Dublin-based institutional asset
manager that offers investors innovative and differentiated specialist
strategies on both a segregated and unitised basis. RHJI is listed on Euronext
Brussels, with the ticker symbol "RHJI"
For further information, please contact:
Duncan Heath
Investor Relations Director
RHJ International
Tel: +32 2 643 6013
E-mail: dheath(at)rhji.com
Full Press Release (PDF):
http://hugin.info/135946/R/1712159/568201.pdf
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(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#1712159]
Unternehmensinformation / Kurzprofil:
Datum: 27.06.2013 - 07:01 Uhr
Sprache: Deutsch
News-ID 273731
Anzahl Zeichen: 2554
contact information:
Town:
Brussels
Kategorie:
Business News
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