Brussels, December 18, 2013 - RHJ International ("RHJI", "the Company") is
announcing today that it has sold its remaining 10.9% stake in business
consulting services company SigmaXYZ through an initial public offering ("IPO")
on the Tokyo Stock Exchange ("TSE"). The IPO of RHJI's stake, equating to
490,500 shares in the newly-listed entity, follows the earlier sale of a 10.9%
stake to a number of Japanese buyers in September 2013 and has generated
proceeds of €9.6 million (JPY1,358 million), representing 2.2 times the €4.3
million carrying value of the stake sold.
RHJ International's Chief Executive Officer, Leonhard Fischer, commented:
"Today's announcement is a positive development for the Company as it represents
one of the last disposals from our legacy portfolio and has been executed at on
attractive terms. With our remaining legacy holdings in The Ripplewood Fund and
Shaklee now accounting for less than 2% of our total portfolio, our
transformation to a focused financial services business is virtually complete."
About RHJ International
RHJ International is a financial services group with principal activities in
wealth management, asset management and merchant banking. Our wealth management
operations are conducted through Kleinwort Benson: an independent and
relationship-driven private bank. RHJI's asset management operations are carried
out through Kleinwort Benson Investors: a Dublin-based institutional asset
manager that offers investors innovative and differentiated specialist
strategies on both a segregated and unitised basis. RHJI is listed on Euronext
Brussels, with the ticker symbol "RHJI"
For further information, please contact:
Duncan Heath
Investor Relations Director
RHJ International
Tel: +32 2 643 6013
E-mail: dheath@rhji.com
Full Press Release (PDF):
http://hugin.info/135946/R/1750558/589988.pdf
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Source: RHJ International SA via GlobeNewswire
[HUG#1750558]
