BRUSSELS, BELGIUM--(Marketwired - Jun 27, 2013) - RHJ International ("RHJI") has today
completed the sale of a 39% stake in Shaklee via a share buyback
that it announced on May 15, 2013. The total gross proceeds from the
of JPY 5,064 million translate to a Euro equivalent of Euro 39.8
which 20% has been deferred in the form of an interest bearing
undertaking issued by Shaklee with a maturity of, at most, 3 years. The
cash proceeds at the point of sale of EUR 31.8 million have been
withholding taxes of approximately EUR 2.8 million. Post transaction,
maintains a 1.6% stake in Shaklee, which it will also look to divest.
This divestment represents one of the last disposals from RHJI's
industrial portfolio, with the remaining holdings now representing less
of the overall investment portfolio.
About RHJ International
RHJ International is a financial services group with principal
wealth management, asset management and merchant banking. Our wealth
operations are conducted through Kleinwort Benson: an independent
relationship-driven private bank. RHJI's asset management operations are
out through Kleinwort Benson Investors: a Dublin-based institutional
manager that offers investors innovative and differentiated
strategies on both a segregated and unitised basis. RHJI is listed on
Brussels, with the ticker symbol "RHJI"
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Source: RHJ International SA via Thomson Reuters ONE