The Rothschild family’s holding company, Concordia, will launch its takeover bid on investment bank Rothschild & Co with the aim of delisting it from the stock exchange, it announced in a statement on Friday.
The offer will be open until September 8 inclusive, with a fixed price of 38.60 euros per share, according to the same document. To this amount are added the ordinary dividend, in the amount of 1.40 euros, and an exceptional distribution of 8 euros, ie a total of 48 euros per share.
At the beginning of the month, Concordia acquired more than 8 million shares of Rothschild & Co, or 30% of the shares targeted by the takeover bid, the maximum legally possible before the triggering of the offer.
This acquisition enabled the holding company to hold 49.45% of the capital of Rothschild & Co and 53.84% of the investment bank’s voting rights.
Several big names in French capitalism, including the Peugeot and Wertheimer (Chanel) families, are to enter the capital of Rothschild & Co as part of this operation.