The Rothschild investment bank will bid farewell to the Paris Stock Exchange on October 11, after the success of the takeover bid for Concordia, the Rothschild family’s holding company, the Financial Markets Authority (AMF) said on Friday.
On September 12, the AMF announced the success of the public purchase offer from the largest shareholder of the investment bank, Concordia, which sought to acquire the securities that it did not hold and which were also not held by the other members of the shareholders’ agreement concluded in February, i.e. approximately 45% of the shares.
The objective of the takeover bid was to remove the investment bank from the Stock Exchange.
At the end of the operation, the Rothschild family holding company held “directly and jointly 95.65% of the capital”.
The “compulsory withdrawal” from the Stock Exchange will take place “on October 11, 2023, at a price net of all costs of 38.60 euros per share” and will concern a maximum of 4,151,098 Rothschild & co shares representing at most 5.37% of the capital and 3.53% of the company’s voting rights” – i.e. the securities which had not been acquired during the takeover bid.
Lazard’s great rival, the Rothschild & Co group has no capital links with the Swiss private bank Edmond de Rothschild, named after the baron who founded it, in the hands of another branch of the family.