RHJ International: Completion of Disposal of Interests in Asahi Tec Corporation
(Thomson Reuters ONE) -
Brussels, February 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.
For further information please contact:
Arnaud Denis
Investor Relations Director
Tel: +32 2 643 60 13
E-mail: adenis(at)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
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(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
[HUG#1582725]
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Datum: 06.02.2012 - 01:32 Uhr
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