The Rothschild dynasty is going private.
Concordia, the family’s investment vehicle, said on Monday that it would offer to buy the roughly 61 percent of shares in Rothschild & Co. that it does not currently own.
It is working on a bid of 48 euros ($51.73) per share, 19 percent higher than the stock’s closing price on Friday.
The family is in a strong position, because Concordia controls nearly 48 percent of Rothschild & Co.’s voting rights, while other family-linked firms also own shares.
The bank’s stock, which has traded for decades on the Paris exchange, jumped 16 percent after Concordia’s announcement, giving the group a market value of about €3.7 billion.
Taking Rothschild & Co. off the public markets would be the latest evolution of the advisory and investment firm in its more than 200 years of history.
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