RHJ International SA

February 06, 2012 01:46 ET

RHJ International: Completion of Disposal of Interests in Asahi Tec Corporation

BRUSSELS, BELGIUM--(Marketwire - Feb 6, 2012) - RHJ International ("RHJI") confirms that ATC Holdings II Co., Ltd., a corporation owned by investment funds ultimately managed by Japanese private equity firm Unison Capital Group ("Unison"), has successfully closed its tender offer on Asahi Tec Corporation ("Asahi Tec") launched on January 6, 2012. As of the closing date of February 3, 2012, 64% of all outstanding common shares of Asahi Tec were tendered to the offer, fulfilling the offer's minimum acceptance condition.

Upon settlement, RHJI will receive JPY 11.7 billion from the tender offer. In addition to the tender offer, as part of the transaction, Unison has acquired Asahi Tec's Preferred A and B shares on January 4, 2012. RHJI's total proceeds from the transaction across all different share classes amount to JPY 14.2 billion (EUR 142 million), compared to a carrying value of EUR 111.2 million. RHJI's maximum exposure from representations and warranties on the Asahi Tec business and the specific capped indemnification arrangements is 33% of the total proceeds.

The settlement of the tender offer is scheduled for February 10, 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/1582725/494576.pdf

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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