BRUSSELS, BELGIUM--(Marketwire - Jul 7, 2011) -
RHJ International, through its wholly owned subsidiary
Kleinwort Benson Group ("Kleinwort Benson Group"), is in exclusive
negotiations
with Deutsche Bank to acquire BHF-Bank, one of Germany's strong banking
brands
with a long and successful tradition in Private Banking, Asset
Management,
Financial Markets and Corporate Banking.
The acquisition of BHF-Bank, with its reputation among wealthy private
clients
and corporates in Germany, would be a further step in RHJ
International's
transformation into a financial services group based on an independent
private
and merchant banking model. BHF-Bank will, in the German market,
complement
Kleinwort Benson Group's offering in the UK, Ireland and the Channel
Islands.
Kleinwort Benson Group plans to finance the acquisition with its own
funds and
with the support of co-investors.
Note to the editor:
About RHJ International and Kleinwort Benson Group:
RHJ International (Euronext: RHJI), a limited liability company
incorporated
under the laws of Belgium, listed on the stock exchange in
Brussels, is
transforming itself from a diversified industrial holding company into an
active
and dynamic financial services group by means of selected transactions
since
2008. The acquisition of Kleinwort Benson in 2010 accelerated the
process of
creating a focused financial services group. Today Kleinwort Benson
Bank,
Kleinwort Benson Channel Islands Holdings and Kleinwort Benson Investors
Dublin
are part of Kleinwort Benson Group, which is domiciled in London. BHF-Bank
would
be a further independent brand within Kleinwort Benson Group.
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/1529053/464605.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#1529053]