RHJ International plans private placement of shares

By Sheri Kasprzak

New York, Feb. 28 - RHJ International and some of its shareholders intend to sell 15.4 million shares in a private placement.

The pricing terms of the offering have not yet been determined.

About 7.7 million of the shares are being offered by RHJ itself and the remainder will be sold by some of the company's shareholders.

RHJ won't receive any proceeds from the shares sold by the shareholders.

Proceeds that the company does receive will be used to acquire controlling and non-controlling interests. The rest will be used for general corporate purposes.

The deal is set to close on March 21.

Based in Brussels, RHJ invests in companies mostly located in Japan.

On Tuesday, the company's stock gained €0.20 to close at €21.00 (Brussels: RHJI).

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