REI - Reinet Investments S.C.A. Depositary Receipts - Potential Acquisition Of
REI
REI
REI - Reinet Investments S.C.A. Depositary Receipts - Potential Acquisition Of
An Interest In The Private Equity Operations Formerly Owned By Lehman Brothers
And Assumption Of Unfunded Investment Commitments
Reinet Investments S.C.A. Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045793657
Depositary Receipt Code: REI
POTENTIAL ACQUISITION OF AN INTEREST IN THE PRIVATE EQUITY OPERATIONS FORMERLY
OWNED BY LEHMAN BROTHERS AND ASSUMPTION OF UNFUNDED INVESTMENT COMMITMENTS
Reinet Investments SCA (`Reinet`) confirms that it is in negotiation with the
Lehman Brothers` bankruptcy estate with a view to participating in the partial
buy-out of the former Lehman Brothers private equity business, Lehman Brothers
Merchant Banking (`LBMB`). Negotiations are continuing with the bankruptcy
estate and investors in the funds managed by LBMB. No formal agreement has been
reached at this time.
If effected, the transaction is not expected to materially impact the net asset
value or operating results of Reinet.
A further announcement will be made in due course.
Reinet Investments Manager SA
for and on behalf of Reinet Investments SCA
Further information:
Mr. Alan Grieve
Chief Financial Officer
Reinet Investments SCA
Tel: +352 22 7252
Website: www.reinet.com
12 JANUARY 2009
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 12/01/2009 08:00:15 Produced by the JSE SENS Department.
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