SOURCE: RHJ International SA

June 21, 2010 13:47 ET

RHJ International Announces the Acquisition of KBC Asset Management Limited (Dublin) from KBC Asset Management N.V.

BRUSSELS, BELGIUM--(Marketwire - June 21, 2010) -

Brussels, June 21, 2010 - RHJ International S.A. ("RHJI") continues its drive to build a financial services franchise and has agreed with KBC Asset Management N.V. ("the Seller") to buy KBC Asset Management Limited (Dublin) ("KBCAM Dublin") for a total upfront cash consideration of EUR 23.7 million, subject to closing adjustments. The Seller will also receive 50%, with a maximum of EUR 3.5 million, of a potential future capital reduction at KBCAM Dublin.

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.

The cornerstone of this transformation is the acquisition of Kleinwort Benson announced on October 15, 2009. Completion of the change of control is scheduled to take place in July 2010.

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@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.

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Full Press Release (PDF): http://hugin.info/135946/R/1425892/373963.pdf

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Contact Information

  • For further information please contact:

    Arnaud Denis
    Investor Relations Director
    Tel: +32 2 643 60 13
    E-mail:adenis@rhji.com