Radio Holland Group Becomes Independent

Radio Holland (Rotterdam) announced that the MBO of the SRH Marine Group has succeeded. Zenitel (Brussels) and the RheinMetall Group (Dusseldorf), both 50 percent shareholders in EMG EuroMarine Electronics GmbH (Hamburg), agreed to separate from SRH Marine and the final agreement to this effect was signed. The operation took place through an MBO by the management of SRH, financed by ABN AMRO Capital (The Netherlands). Consequently, SRH Marine has now become independent and will take the new name, 'Radio Holland Group' with headquarters in Rotterdam. The closing of the deal is subject to final approval of antitrust committees in the Netherlands, Belgium and USA.