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RHJI Announces Sale of Stake in SigmaXYZ

BRUSSELS, Belgium, Sept. 10, 2013 (GLOBE NEWSWIRE) --

RHJ International ("RHJI") announces today that it has sold half of its 21.8% stake in business consulting services company SigmaXYZ to a number of Japanese buyers, including Intec, IIJ (Internet Initiative Japan Inc.) and Wacom. The individual sales transactions, which have now closed, generated total gross proceeds of €7.4 million (JPY977 million), representing 1.7 times the €4.3 million pro rata carrying value of the stakes sold. RHJI continues to evaluate options to divest its remaining 10.9% stake in SigmaXYZ. RHJ International's Chief Executive Officer, Leonhard Fischer, commented: "We are very pleased to announce today's transaction, which represents one of the last disposals from our legacy industrial portfolio. We continue to evaluate options to divest our remaining stakes in Shaklee and SigmaXYZ, which collectively now represent less than 2% of our total investment portfolio." 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/1728392/577208.pdf [HUG#1728392]Source:RHJ International SA