Brussels, July 7, 2011 - RHJ International, through its wholly owned subsidiary Kleinwort Benson Group ("Kleinwort Benson Group"), is in exclusive negotiations with Deutsche Bank to acquire BHF-Bank, one of Germany's strong banking brands with a long and successful tradition in Private Banking, Asset Management, Financial Markets and Corporate Banking.
The acquisition of BHF-Bank, with its reputation among wealthy private clients and corporates in Germany, would be a further step in RHJ International's transformation into a financial services group based on an independent private and merchant banking model. BHF-Bank will, in the German market, complement Kleinwort Benson Group's offering in the UK, Ireland and the Channel Islands.
Kleinwort Benson Group plans to finance the acquisition with its own funds and with the support of co-investors.
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