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  • Deal or case news
  • 12-07-2015


On 26 November 2015, Oddo et Cie  (an independent Franco-German financial services group) announced its intention to make a voluntary and conditional counterbid in cash for the outstanding shares issued by BHF Kleinwort Benson Group SA/NV (a European financial entity mainly active in private banking and asset management, in addition to financial markets and financing of businesses). 

The counterbid is made further to the voluntary and conditional takeover bid in cash announced on 24 July 2015 by an indirect subsidiary wholly owned by Fosun International Limited. The bid price for the counterbid is 5.75 EUR per BHF KB share.

Having regard to the agreements entered into by Oddo et Cie and certain reference shareholders and taking into account Oddo et Cie's current stake in BHF KB, Oddo et Cie has the certainty to be in a position to acquire more than 50% of BHF KB's shares.

On 2 December 2015, Oddo et Cie specified that, as from that date, the Counterbid must be considered as a mandatory counterbid in cash on all outstanding shares issued by BHF KB which are not yet held by the Counterbidder or persons related to it.

NautaDutilh is assisting Oddo et Cie in this deal. The NautaDutilh team is led by Elke Janssens together with Philippine De Wolf and further consists of Lorraine Vercauteren and Louis Lantonnois.

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