Kleinwort Benson's Press Release in English - French
Brussels, July 1, 2010 - RHJ International ('RHJI') announced today that it has completed the acquisition of Kleinwort Benson from Commerzbank AG after having received all necessary regulatory approvals. Under the terms of the agreement RHJI acquires Kleinwort Benson Private Bank Limited and Kleinwort Benson Channel Islands Holdings Limited (together 'Kleinwort Benson') for total cash consideration of GBP 229.6 million, equivalent to EUR 251.9 million. The increase in the purchase price from GBP 225 million was due to certain closing price adjustments. The final purchase price will be revised further once additional post-closing adjustments are made.
RHJI's will host a scheduled earnings conference call today (9:30 Eastern US/ 2:30 pm GET/3:30 pm CET) during which management will also discuss this Kleinwort Benson acquisition. The contact details to access the call are attached to this release.
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:
Investor Relations Director
Tel: +32 2 643 60 13
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.
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