Kleinwort Benson Group Announces Update on Regulatory Process for Proposed Acquisition of BHF-BANK
London, November 25, 2013 - Kleinwort Benson Group Limited ("KBG"), the wholly-owned subsidiary of financial services group RHJ International ("RHJI" or "the Company") is providing an update on the proposed acquisition of BHF-BANK ("BHF").
On Friday November 22, 2013, we received confirmation from German financial regulator, BaFin, that all of the regulatory filings submitted by KBG, RHJI and the remaining co-investors for the proposed acquisition of BHF are now complete. As a consequence of this, BaFin also confirmed that it had commenced the formal 60 working day review period for the approval of the entire transaction, which will expire on February 18, 2014.
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 by 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 the 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
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Source: RHJ International SA via GlobeNewswire
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