Rothschild family intends to take bank Edmond de Rothschild Group private

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Bloomberg reported on the plans of the family of French banker Benjamin de Rothschild to repurchase all shares of the Edmond de Rothschild Group, as well as its intention to delist the Swiss bank founded by Benjamin’s father Edmond de Rothschild from the Zurich stock exchange. The family is going to pay about 18 thousand Swiss francs for the shares of the bank. Thus, the entire transaction is valued at 98 million dollars. The agency also writes that the Rothschild family announced its intention to merge French assets with the bank after the completion of the transaction. Vincent Topin, who is now the head of the French operations, will be appointed its CEO.

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