BRUSSELS, Belgium, Dec. 15, 2015 (GLOBE NEWSWIRE) -- On 10 December 2015, Oddo & Cie SCA and Franklin Templeton Institutional, LLC notified BHF Kleinwort Benson Group ("BHF KB") that, as of 2 December 2015, Oddo & Cie SCA (which holds 31,093,359 shares representing 23.51% of the outstanding 132,244,164 shares and voting rights in BHF KB) and Franklin Templeton Institutional, LLC (which holds 23,206,881 shares representing 17.55% the outstanding 132,244,164 shares and voting rights in BHF KB) acted in concert as persons having concluded an agreement aimed at acquiring control, frustrating the successful outcome of a bid or maintaining control (for a total of 54,300,240 shares representing 41.06% of the outstanding 132,244,164 shares and voting rights in BHF KB) pursuant to a conditional share purchase agreement whereby Oddo & Cie SCA will purchase the 23,206,881 shares held by Franklin Templeton Institutional, LLC.
A copy of Oddo & Cie SCA's and Franklin Templeton Institutional, LLC's transparency declaration is reproduced hereunder and available on BHF KB's corporate website under "Investor Information - Shareholder Information - Transparency Declarations".
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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/1973742/722113.pdf
Source: BHF Kleinwort Benson