BRUSSELS, Belgium, Nov. 27, 2015 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of BHF Kleinwort Benson Group SA (the "Company") welcomes a higher bid of Oddo & Cie for all outstanding shares of the Company (including treasury shares, the "Shares") that are not held by Oddo & Cie.
Oddo & Cie announced today its intention to launch a voluntary and conditional public takeover offer in cash, for all Shares that are not held by Oddo & Cie. Oddo & Cie is offering a price of €5.75 per share and has reached a sales agreement with certain shareholders which provides them the certainty to be in a position to hold more than 50% of the Company's Shares.
On 24 July 2015, Eastgate Billion (Luxembourg) S.à r.l., an indirect wholly owned subsidiary of Fosun International Limited (together with its affiliates, "Fosun") had announced its intention to launch a voluntary and conditional takeover offer with an offer price of €5.10 per share.
A formal response will be made by the Board once the final prospectus has been made available.
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About BHF Kleinwort Benson Group SA
BHF Kleinwort Benson (Euronext: BHFKB) is a limited liability company incorporated under the laws of Belgium, having its registered office at Avenue Louise 326, 1050 Brussels, Belgium. BHF Kleinwort Benson is a merchant bank with principal activities in private banking, asset management and financial markets & corporates.
For further information visit: www.BHFKleinwortBenson.com
Full Press Release (PDF) http://hugin.info/135946/R/1969901/720077.pdf
Source: BHF Kleinwort Benson