The Rothschild dynasty is going private
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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