BRUSSELS, BELGIUM--(Marketwire - Jul 7, 2011) -
RHJ International, through its wholly owned subsidiary
Kleinwort Benson Group ("Kleinwort Benson Group"), is in exclusive
with Deutsche Bank to acquire BHF-Bank, one of Germany's strong banking
with a long and successful tradition in Private Banking, Asset
Financial Markets and Corporate Banking.
The acquisition of BHF-Bank, with its reputation among wealthy private
and corporates in Germany, would be a further step in RHJ
transformation into a financial services group based on an independent
and merchant banking model. BHF-Bank will, in the German market,
Kleinwort Benson Group's offering in the UK, Ireland and the Channel
Kleinwort Benson Group plans to finance the acquisition with its own
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
under the laws of Belgium, listed on the stock exchange in
transforming itself from a diversified industrial holding company into an
and dynamic financial services group by means of selected transactions
2008. The acquisition of Kleinwort Benson in 2010 accelerated the
creating a focused financial services group. Today Kleinwort Benson
Kleinwort Benson Channel Islands Holdings and Kleinwort Benson Investors
are part of Kleinwort Benson Group, which is domiciled in London. BHF-Bank
be a further independent brand within Kleinwort Benson Group.
This press release contains certain forward-looking statements
Company's operations, economic performance and financial condition.
forward-looking statements are based on management's current
estimates and projections and are subject to a number of assumptions and
known and unknown risks, uncertainties and other factors which may
actual results, performance or achievements of the Company to be
different from any future results, performance or achievements
implied by such forward-looking statements. The Company has no
publicly update or release any revisions to these forward-looking
reflect events or circumstances after the date of this press release.
Full Press Release (PDF):
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Source: RHJ International SA via Thomson Reuters ONE