RHJ International Announces Signing of a Share Purchase Agreement with Valeo for its Ownership in Niles Co. Ltd.
(Thomson Reuters ONE) -
Brussels, February 23, 2011 - RHJ International ("RHJI") announces today that it
has entered into an agreement to sell its 77.9% ownership in Niles Co. Ltd.
("Niles") to Valeo for a total cash consideration of JPY 15.5 billion (EUR 138
million), subject to closing adjustments. This transaction values Niles at a
total enterprise value of JPY 36 billion (EUR 320 million).
RHJ International's Chief Executive Officer, Leonhard Fischer, said:
"Today's announcement represents one more step in RHJI's transformation from an
industrial holding into a dynamic financial services group. We will continue to
seek opportunities to gradually exit our legacy industrial investments overtime
with a view to capitalize on growth opportunities in financial services
supporting the independent merchant banking model using the Kleinwort Benson
brand."
The completion of the transaction is subject to customary industry terms and
conditions, including regulatory approval and is foreseen to be concluded within
the first half of 2011.
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/1490963/427184.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#1490963]
Unternehmensinformation / Kurzprofil:
Datum: 23.02.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 51812
Anzahl Zeichen: 3318
contact information:
Town:
Brussels
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 229 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"RHJ International Announces Signing of a Share Purchase Agreement with Valeo for its Ownership in Niles Co. Ltd."
steht unter der journalistisch-redaktionellen Verantwortung von
RHJ International SA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
