RHJ International Announces Acquisition by Kleinwort Benson
(Thomson Reuters ONE) -
Brussels, March 10, 2011 - RHJ International ("RHJI") announces today that
Kleinwort Benson, its wholly owned financial services subsidiary, has agreed a
deal to acquire Close Brothers Offshore Group ("COG") for a cash consideration
of £ 29.1 million (? 34 million), subject to adjustments by reference to the net
asset position of the business at the time of completion. The acquisition will
be primarily financed through Kleinwort Benson.
The acquisition comprises COG's private banking, fund administration, fund
management, trust and asset management businesses across Guernsey, Jersey and
the Isle of Man. It also includes COG's wholly owned shared service centre in
Cape Town. The purchase increases the size of Kleinwort Benson's private wealth
assets under management to approximately £7 billion.
RHJ International's Chief Executive Officer, Leonhard Fischer, said:
"RHJI continues to develop Kleinwort Benson's financial services offering to its
clients by adding further scale and strength to its banking and fiduciary
businesses. The purchase of Close Brothers Offshore Group will also strengthen
Kleinwort Benson's banking proposition both in terms of liquidity and capital
base."
The completion of the transaction is subject to approval by the relevant
regulatory bodies and is expected to be completed by the end of July.
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/1495791/431601.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#1495791]
Unternehmensinformation / Kurzprofil:
Datum: 10.03.2011 - 10:33 Uhr
Sprache: Deutsch
News-ID 52324
Anzahl Zeichen: 3682
contact information:
Town:
Brussels
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 265 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"RHJ International Announces Acquisition by Kleinwort Benson"
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).
