RHJ International SA

February 23, 2012 02:20 ET

RHJ International Announces Signing of a Share Purchase Agreement with SEGA SAMMY HOLDINGS Inc. for its Ownership in Phoenix Resort K.K.

BRUSSELS, BELGIUM--(Marketwire - Feb 23, 2012) - RHJ International ("RHJI") announces today that it has entered into an agreement to sell its 100% ownership in Phoenix Resort K.K. ("Phoenix Seagaia Resort") to SEGA SAMMY HOLDINGS Inc. ("SEGA SAMMY") for a total cash consideration of JPY 400 million (EUR 3.8 million). In addition to the acquisition price, RHJI will also receive the reimbursement of the outstanding balance of the revolving credit facility granted to Phoenix Seagaia Resort which amounts to JPY 878 million (EUR 8.3 million).

RHJ International's Chief Executive Officer, Leonhard Fischer, said:

"Today's announcement marks another step forward in RHJI's transformation in a group with exclusive focus on financial services".

The completion of the transaction is subject to customary industry terms and conditions, including antitrust approval and is foreseen to be concluded within the first half of 2012.

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.

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/1588232/498337.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


Contact Information

  • For further information please contact:

    Arnaud Denis
    Investor Relations Director
    Tel: +32 2 643 60 13
    E-mail: Email Contact