According to a spokeswoman of the Paris-based company Rothschild & Co., the family is offering to take the flagship bank private in a $4 billion deal.
The renowned Rothschild family, whose combined riches are reportedly among the biggest fortunes in history while being largely hidden, intends to take its main investment firm, Rothschild & Co, private. The bank stated on Monday that its largest shareholder intends to launch a tender offer that will value the company at roughly €3.7 billion, or $4 billion. The bank's predecessors assisted in financing the Duke of Wellington's defeat of Napoleon at the Battle of Waterloo in 1815.
According to a spokeswoman, the decision, which comes at a time when many of its competitors are taking the other course and seeking public financing, would end public ownership of a company that has been listed since 1838 in some capacity. After the 2012 restructuring that effectively merged the French and British firms under one roof and stre...
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